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February 8, 2021
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Amending a Return - 1099-INT

  • February 8, 2021
  • 1 reply
  • 11 views

I am about to file my 2020 return.  I just noticed that my mortgage company included a 1099-INT with my mortgage interest statement.  I went back and realized I missed this on my 2018 return and 2019 return, but included it in 2017 because it was a separate document at that time.  I am assuming I should go back and amend both returns.  Can someone confirm?  Also, with regards to timing:

 

Can I file my 2020 return now?

 

Can I amend and submit both the 2018 and 2019 returns at the same time (and I know they need to be submitted separately)?

 

And is this an acceptable justification to include on both amended returns:

 

I was getting ready to file my 2020 Tax return and noticed my Mortgage Company included a 1099-INT with my Mortagge Interest Statement, instead of a separate document.  Due to this, I neglected to add this as income on my 2018 and 2019 returns, so I am amending both.

    Best answer by EbonyA

    You may amend all returns that were missing 1099-INT reporting by following these steps: Amending tax return in Turbo Tax

     

    Yes you may file your 2020 tax return now - more details here: Turbo Tax open and accepting tax returns

     

    Additionally, the following link provides IRS 2020 forms availability: IRS forms availability

    1 reply

    EbonyAAnswer
    Level 13
    February 9, 2021

    You may amend all returns that were missing 1099-INT reporting by following these steps: Amending tax return in Turbo Tax

     

    Yes you may file your 2020 tax return now - more details here: Turbo Tax open and accepting tax returns

     

    Additionally, the following link provides IRS 2020 forms availability: IRS forms availability

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