I mailed my tax return in early April. It was a paper return due to an unsupported form. I just received a corrected 1099B. Foreign Tax Paid (Box 7) decreased by $4 dollars. Is this change significant enough to have to file an amended return? I cannot find any discussion of materiality requirements.
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1 Best answer
DavidD66
Expert Alumni
Apr 26, 2021 4:28:36 PM
I would not file an amended return for that. The IRS will get the corrected information as well. If they want to, they can propose a change to your return once it is processed, and notify you by mail of that change.
1 Replies
DavidD66
Expert Alumni
Apr 26, 2021 4:28:36 PM
I would not file an amended return for that. The IRS will get the corrected information as well. If they want to, they can propose a change to your return once it is processed, and notify you by mail of that change.