Solved: Can I claim major purchase the following tax return year if missed the previous year?
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Can I claim major purchase the following tax return year if missed the previous year?

 
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Can I claim major purchase the following tax return year if missed the previous year?

Generally no. You need to claim the purchase in the year in which you made it. If you need to report the purchase for a tax year that you already filed a return for you will need to file an amended return. Amended returns do not “catch up” to your original return and replace them; they are processed as two separate returns.  

Amended returns have to be printed and filed by mail.  It can take the IRS up to 12 weeks or longer to process them.   If you are due a larger refund than on your original return, your amended return should only show the difference and you will receive a separate check for it.  If you owe money on your amended return, it will show only the new amount owed, you will have to mail a check with the return. You can check the status of your amended return by clicking here: https://www.irs.gov/filing/individuals/amended-returns-form-1040-x-/wheres-my-amended-return-1

 Click here for amending instructions: https://ttlc.intuit.com/replies/3288565
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Highlighted
Level 9

Can I claim major purchase the following tax return year if missed the previous year?

Generally no. You need to claim the purchase in the year in which you made it. If you need to report the purchase for a tax year that you already filed a return for you will need to file an amended return. Amended returns do not “catch up” to your original return and replace them; they are processed as two separate returns.  

Amended returns have to be printed and filed by mail.  It can take the IRS up to 12 weeks or longer to process them.   If you are due a larger refund than on your original return, your amended return should only show the difference and you will receive a separate check for it.  If you owe money on your amended return, it will show only the new amount owed, you will have to mail a check with the return. You can check the status of your amended return by clicking here: https://www.irs.gov/filing/individuals/amended-returns-form-1040-x-/wheres-my-amended-return-1

 Click here for amending instructions: https://ttlc.intuit.com/replies/3288565
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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