I already efiled my 2020 taxes and just received a revised 2020 Tax Statement from my brokerage. The only change is a $2 increase to my Ordinary Dividends, which increases my taxable income by $2 to 27, 364. Do I need to amend my taxes? How do I do that with Turbo Tax? Thank you.
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Amend will not be available in TurboTax until late in March. TurboTax makes it easy to amend. You just click Amend when that option is available and it will walk you through the return to make your changes and file the amended return.
You generally must file an amended return within three years of the date you filed the original return or within two years after the date you paid the tax, whichever is later.
I need to amend the income part of my 2020 efile that has been accepted by the IRS. How do I do this?
Will I be advised when I can do this?
The 1040X for paper printing and e-filing is currently expected to be available on 3/26/2021.
Here is a link to the location that you can check to see when it is released. You can verify that information in the version of TurboTax that you will be using.
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