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Anonymous
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Amending a return - where do I enter corrected SEP contribution amount

I need to amend my 2022 return because when I originally filed my return I under-reported the amount of my SEP contributions.  I have started the process of amending the return in TurboTax 2022, but I can't find any where in the topics I am presented the spot where I revise my SEP contribution.  If I search for SEP contributions and click the "jump to" link, it appears as if I am submitting a whole new return.  I don't want to submit an entirely new return - just an amendment.  I know I have to submit a paper copy because the electronic transmittal period has ended.  Would it just be easier to submit a 1040X on paper and be done with it?

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2 Replies

Amending a return - where do I enter corrected SEP contribution amount

I will page @dmertz 

Amending a return - where do I enter corrected SEP contribution amount

With 1040-X,

do not include your old 1040 nor your revised 1040 because the Form 1040-X reflects any changes there and becomes your new tax return.

Include any new/corrected document only if it shows federal tax withheld, and include in order only those Sequence Numbered tax forms and Schedules that changed or were added due to your amendment.
Attachment Sequence Number is on all the forms and Schedules that come after 1040.
If any forms specify an attachment, put all those attachments at the end in the same order as the forms they go with.


If you are using TurboTax you have to do this by visual comparison. The program won't break out those pages for you.

Therefor, to do the comparison you need a printout of your entire revised tax return (which could be called a new tax return), and a printout of your original return, which must be printed before you start making revisions.

 

@Anonymous 

 

 

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