2966050
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes - One Big Beautiful Bill on Aug 6! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Amended 1040X has no effect on taxes owed. Not going to file amended return then,

Two 1099B's came in March for $20 and  $14. Since I had already efiled in February, I dutifully opened Turbotax to prepare a 1040X and added them to my investment returns, expecting to include a few  bucks in extra taxes.

I forgot that I had a carryover loss for this year. It won't change my income, All this correction will do is reduce my carryover for next year by 34 dollars.

Indeed, Turbotax said my return had not changed, although the carryover should be a wee bit smaller. Hence, I decided not to file. Comments?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

Amended 1040X has no effect on taxes owed. Not going to file amended return then,

you should file because you want your schedule D carryforward to be correct with the IRS, as it is now in your turbotax file.

This is not unusual, IRS will accept your new Schedule D.

 

@doc_wooster 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question