In the course of working on my current (2023) tax return, I realized I needed to amend my prior year's return. I did this after transferring the (pre-amended) prior year return into the current year. I updated the part that I know changed (it had to do with capital gains carryover), but now I'm wondering if a lot more may have changed (for example, AMT and QBI info, as well as the fact that I now have to pay the IRS for the amended return, rather than get a small refund). Should I junk the current year's return, and start all over, using the amended return as the basis, or can I assume that updating the part of the return that I know changed will be sufficient? (And if I do need to start over on the current return, how do I do that?)
If you have already prepared your Amended Return for the prior year, AND you're using TurboTax Desktop, open the program and 'Start a New Return'. Then transfer in your Amended Return to start a new 2023 return.
Here's How to Clear and Start Over if you're using TurboTax Online.
If you're not sure about everything that may have changed in your prior year Amended Return and how it affected your 2023 return, this is your best bet.
If you're confident that you have updated what has changed in your 2023 return, you can continue from there.