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CAN I USE TURBOTAX TO AMEND IF THE RETURN WAS PREPARED SOMEWHERE ELSE?
If you did not use TurboTax to prepare your tax return, it is possible to amend the return using TurboTax but it will really be a pain. It would be better to use the software or service used to file originally. If a paid preparer made a mistake on your tax return, that tax preparer should do the amended return for you at no charge.
In order to use TurboTax to amend your return, you need to purchase the desktop software for the tax year and re-create the return EXACTLY as it appeared when it was filed with the IRS/states. Every line has to be the same. Then you have to "trick" the software into thinking you filed by saying you will mail the return. (but do not mail it) AFTER that, you use the software to prepare a Form 1040X, which has to be printed, signed and mailed to the IRS. It takes the IRS about 6 -9 months to process an amended return
Very much appreciate for the thoughtful response. The workaround seems to be a bit risky.
Actually, the mistake we did is that we missed out in declaring the Taxable Interest on Line 2b in 1040 whereas the same has been declared in Schedule B. Because of which Total Income (Line#9) and AGI (Line#11) are reported lower though the Tax Liability is Zero either way. So, we think it's not such a critical error that needs to be rectified immediately knowing that they aren't any online tools to do the same, other than mailing the 1040X.
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