Federal tax amendment 2024

Forum|Forum|2 years ago
March 5, 2024
1 reply
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I submitted my 2024 taxes online with TurboTax premiere in early February. Federal and state were received and accepted. I owed and paid federal. I received my refund from state.

Then I received a late 1099B for a very small amount. Less than $50. I tried to file an amended return online with TurboTax. The amended return showed that $5 of the federal tax I had paid on the sale of a partial share of stock was due back to me. The instructions told me that I could not submit it online and I would have to mail it.
So I printed the 1040X. There is only information for the partial share in columns B and C. Column A is all zeroes. There is no information in the top portion of the first page. No name, social security, address or anything.

I must have done it incorrectly! What did I do wrong? It does say at the top that the return is for calendar year 2023.

xmasbaby0

Level 15

You are confused about the tax year--so let's clear that up first. No one has filed a 2024 tax return. The returns that everyone is working on now are for tax year 2023---the tax year that ended on December 31, 2023. No one will prepare /file a 2024 tax return until tax year 2024 is over---so in 2025.

You prepared and submitted a 2023 tax return. You owed some money to the IRS--you paid it. You received a refund from your state.

Then you received a tax document -- a 1099B--- that needed to be added to your return on a Form 1040X.

Did you follow these directions to amend?

See this TurboTax support FAQ for amending a tax return - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-change-correct-return-a...

It is quite correctly showing at the top that it is a 2023 1040X. If you are getting a little refund for that amended return, go ahead and mail it in to the IRS.

**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.**

JRE2024Author

Level 2

You are right! I submitted my 2023 taxes not 2024 taxes. I think I followed the directions. I’ve used TurboTax for several years and not really had any problems. My concern is that there is not a bit of identifying information on the first page.

I can write it in but I would have expected it to fill in my name, address, social, etc.

It’s only $5 !

Thank you!