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Solved

Amended

Forum|Forum|5 years ago
February 2, 2021
5 replies
0 views

So I really messed up.. I did my taxes and it is pending with the IRS.. I received a form my daughter got and I went in and added the numbers from her college form 1098t .. I didn’t realize I was getting that form.. so will IRS reject my return .. I really messed up and not sure what to do

Not A Product Question

Best answer by bluedeb

You need to undo the changes you made to your already filed return, and put your return back to the way it was when you filed your return.

Once you e-file a return, you cannot get it back, cancel it, or make any changes to it. You will have to wait until your return gets accepted or rejected to make any changes. Do not make any changes to your e-filed return, it will not go through. The IRS is not accepting returns until Feb. 12th, you will have to wait until then to see if your return is accepted or rejected.

If rejected, you can enter or change your information, then re-e-file.

If accepted, you would have to amend your return to make changes or add information.

Also, the Federal amended return (1040X), will not be available until around 3/25/21 (subject to change).

bluedeb

Answer

Alumni - Champ

You need to undo the changes you made to your already filed return, and put your return back to the way it was when you filed your return.

If rejected, you can enter or change your information, then re-e-file.

If accepted, you would have to amend your return to make changes or add information.

Also, the Federal amended return (1040X), will not be available until around 3/25/21 (subject to change).

Bob-K3

Level 2

Do I need to file an amended tax return if i accidentally reported our recovery rebate credit? Or will the IRS do this for us? As I was re-reviewing our return, I realized that I should have reported $3600, not zero. I thought the form was asking if I needed to claim additional rebate credits? We filed on 2-12 and the return was accepted.

Thank you.

Irene2805

Level 15

Wait until you receive your refund -- the IRS might make a correction automatically. Please see IRS Recovery Rebate Credit Q D2 What happens if I claim the incorrect amount? for additional information.

@Bob-K3

MinhT1

Level 15

Once you have e-filed, you cannot modify your return as it would not reflect what has been sent to the IRS.

If you have already filed your return, you'll need to wait for your tax return to either be rejected or accepted, if it is rejected you can add your Form 1098-T, correct any other errors on the return and resubmit it.

If it is accepted, you will need to amend your return to include the 1098-T.

Please be aware that Form 1040X will not be available in TurboTax until February 18, 2021, but once it is available, you will be able to prepare and e-file your amended return.

Please see this TurboTax FAQ for instructions on how to amend your tax return in TurboTax.

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bluedeb

Alumni - Champ

I had already claimed this thread to answer.

carcierik

Level 2

Speak to a specialist

fanfare

Level 15

you will need to amend because IRS will not add the 1098-T for you.

you will get the tuition and educations credits unless you are rich.

how you do that with TurboTax is another matter.

Always print a copy of the return you filed right away.

You need the original return to amend your return.

Jill M

Level 2

I just posted something similar..yet I filed an amended 2019 taxes with the missing 1098t form as it reduced what we owed and still showing it's not accepted yet they cashed my check. I am at a loss as I did this in June of 2020 and still waiting. They of course are still looking for the balance that they say I owe from my original efiled taxes. uuugggghhhhh

Bob-K3

Level 2

Sounds very frustrating. I'm not sure whether an amended return will help or add to the confusion. I've read that IRS routinely fixes this type of error (recovery rebate credit). Good luck with your situation.

boniysd1948

Level 2

I NEED TO PUT THE RIGHT AMOUNT TO MY TRADITIONAL IRA AND MY SPOUSE IRA. I HAVE UNTIL 17 MAY 21

DO I HAVE TO AMEND MY TAX THAT HAS BEEN FILED?