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poochac
New Member

Can I get to my 2018 return and amend it and refile as a paper document? If so How do I access my 2018 return?

I was not required to file but I sold mmy home and a Form 1099S was submitted to the IRS.   I just want to see if I can get the proper form to show no tax is due since I reinvested the total gain into another personal residence..
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2 Replies

Can I get to my 2018 return and amend it and refile as a paper document? If so How do I access my 2018 return?

What you did with the money from the sale of your house has been irrelevant since 1997.  Buying another house to avoid capital gains has been gone from the tax code for years.

 

So---if you got a 1099S:

 

If your gain was more than  $250,000 filing Single, or more than $500,000 filing Married Filing Jointly the sale must be reported on your tax return.  Whether you re-invested the gain in to another house is irrelevant.  If you  have a Form 1099-S go to Federal>Wages and Income>Less Common Income>Sale of Home (gain or loss)

If you owned and lived in the home as your primary residence for at least 2 of the last 5 years on the date of the sale, you do not have to report the home sale if the gain is less than $250K filing Single, or less than $500K filing Married Filing Jointly (and you both owned and lived in the home for at least 2 years).

  • If you are using online TT, you need Premier or Self-Employed software to report the 1099-S

 

https://ttlc.intuit.com/community/amending/help/how-to-amend-change-or-correct-a-return-you-already-...

Related Information:

·         What does it mean to "amend" a return?

·         Do I Need to Amend my Tax Return?

·         Will amending delay my original tax refund?

·         What is the deadline for filing an amended return?

·         Can I e-file my 1040X to amend my return?

 

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

Can I get to my 2018 return and amend it and refile as a paper document? If so How do I access my 2018 return?

You have to sign onto your 2018 online account using the exact same User ID you used to create the online account.

Close all TurboTax windows on your web browser (including this one).  Copy and paste the account recovery website link onto a new web browser window and run the tool.

Use this TurboTax account recovery website to get a list of all the User ID's for an email address.  Run the tool against any email addresses you may have used - https://myturbotax.intuit.com/account-recovery

If none of the user ID's received will access your 2018 account, then use the option shown in blue on the account recovery website, "Try something else"

 

If you used the desktop CD/Download editions installed on your computer, the only copy of your tax data file and any PDF's will be on the computer where the return was created.  TurboTax does not store online any returns completed using the desktop editions.

 

Amending a 2018 tax return originally completed and filed using the TurboTax online editions - 

 

  1. Sign in to TurboTax.
  2. Scroll down to Your tax return & documents (you may need to select Show), select 2018 and then Amend (change) return.
    • If you only see the option to amend 2017 or earlier, it's because you can't amend an unfiled 2018 return. Instead, just select Pick up where you left off, make your changes, and disregard the rest of these instructions.
  3. Carefully follow the instructions. Don't worry if your refund changes to $0. This is normal on amended returns.
  4. When finished, we'll give you instructions for printing and mailing your amended return as amendments can't be e-filed.

Purchasing another home after the sale of your prior home to defer capital gains was removed from the tax code in 1997

 

If you sold your primary personal residence and you lived in and owned the home for at least two years in the five year period on the date of sale, you do not have to report the sale if your gains are less then the exclusion amounts of $250,000 if filing Single or $500,000 if filing Married Filing Jointly (and both lived in the home for two years).

 

If you had a gain greater then the exclusion amounts then you would have to report the sale. Also, if you received a Form 1099-S for the sale either with a gain or a loss, the sale has to be reported.  Make sure that you indicate that you want the sale of the home reported on your tax return. 

 

  • Click on Federal Taxes (Personal using Home and Business)
  • Click on Wages and Income (Personal Income using Home and Business)
  • Click on I'll choose what I work on (if shown)
  • Scroll down to Less Common Income
  • On Sale of Home (gain or loss), click the start or update button

Or enter sale of home in the Search box located in the upper right of the program screen. Click on Jump to sale of home

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