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I forgot to add a 1099-INV to my taxes and I have already efiled. What should I do?

 
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GeoffreyG
New Member

I forgot to add a 1099-INV to my taxes and I have already efiled. What should I do?

Do you mean a Form 1099-DIV, or Form 1099-INT?  We ask, simply because a "1099-INV" does not exist.  However, the answer to that really doesn't matter, as you are now in possession of a tax document that you didn't include on your original tax return.  That's what's really relevant.

When you receive tax information that is different than the information you used to file your original tax return, and that new information contains any kind of income not previously reported, then you will want to change your original tax return to reflect the new data.  That process is called "amending" a tax return.  If you filed a state tax return too, you would need to amend that as well as your federal tax return.

But before you begin with an amended tax return, please know that you'll need to first wait until your original return is processed, and your original tax refund is sent to you.  After that time you can then print and mail in your amended return (plus state, if applicable).  And yes, amended tax returns must be printed on paper and physically mailed; they cannot be e-filed.

For further information on amending, please find below a link to a TurboTax webpage for the current year amendment process.  We keep that page updated throughout the tax filing season, and you will find information there on the necessary mechanical processes required in TurboTax.

https://ttlc.intuit.com/questions/3061514-how-do-i-amend-a-2016-return-in-turbotax 

You can also see the following webpage for additional information on amending, in general:

https://ttlc.intuit.com/questions/1908543-do-i-need-to-amend-my-tax-return


If you have further questions, encounter any difficulties, or just want to speak with a live tax expert, please feel free to contact us.  We would be happy to help you (and as a paying customer, the call is free to you).  Here is a link where you can create a support ticket and reach us:

https://support.turbotax.intuit.com/contact/


Thank you for asking this important question.


View solution in original post

1 Reply
GeoffreyG
New Member

I forgot to add a 1099-INV to my taxes and I have already efiled. What should I do?

Do you mean a Form 1099-DIV, or Form 1099-INT?  We ask, simply because a "1099-INV" does not exist.  However, the answer to that really doesn't matter, as you are now in possession of a tax document that you didn't include on your original tax return.  That's what's really relevant.

When you receive tax information that is different than the information you used to file your original tax return, and that new information contains any kind of income not previously reported, then you will want to change your original tax return to reflect the new data.  That process is called "amending" a tax return.  If you filed a state tax return too, you would need to amend that as well as your federal tax return.

But before you begin with an amended tax return, please know that you'll need to first wait until your original return is processed, and your original tax refund is sent to you.  After that time you can then print and mail in your amended return (plus state, if applicable).  And yes, amended tax returns must be printed on paper and physically mailed; they cannot be e-filed.

For further information on amending, please find below a link to a TurboTax webpage for the current year amendment process.  We keep that page updated throughout the tax filing season, and you will find information there on the necessary mechanical processes required in TurboTax.

https://ttlc.intuit.com/questions/3061514-how-do-i-amend-a-2016-return-in-turbotax 

You can also see the following webpage for additional information on amending, in general:

https://ttlc.intuit.com/questions/1908543-do-i-need-to-amend-my-tax-return


If you have further questions, encounter any difficulties, or just want to speak with a live tax expert, please feel free to contact us.  We would be happy to help you (and as a paying customer, the call is free to you).  Here is a link where you can create a support ticket and reach us:

https://support.turbotax.intuit.com/contact/


Thank you for asking this important question.


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