Amend 2020 tax return. How long do I have to file Amendments?

[Mpedler]

Hello I forgot to add some 401k money I borrowed to help us thru the pandemic

 I need to add this income to my 2020 return. I read somewhere that I may have up to 2-3 years to claim or amend . I really don't have the income to pay this tax and could use some time to accrue it

 How do I amend my return for someone not very good with computers. Can you look to see what service I bought and maybe you can chat me thru it?

Thank you and I await your contact Marty

[DoninGA]

If you received a loan from the 401(k) then you do not report this loan on a tax return. 

Unless you defaulted on the loan or left the company without paying the balance of the loan then you would have received a Form 1099-R for the distribution.  Then you Do have to report the distribution on your tax return.

[VolvoGirl]

Or was it really considered a Distribution?  Did you get a 1099R for it?  You only report Distributions not loans.  

[Mpedler]

Yes I did receive a 1099-R and will need to pay tax on it or should have reported but forgot

My return was excepted and now need to amend

Do I have some time to amend? or does this have to be done by April 15 2021

[CatinaT1]

You can amend anytime, however any balance due and not paid by May 17th will begin accruing interest.  You have 3 years from the filing due date to file claim for a refund.