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Fixing income on tax return

 
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Accepted Solutions
KarenM90
Intuit Alumni

Fixing income on tax return

In order to correct your return, since it was already accepted, is to file an amended return.  

 

 

You will need to amend your return.  Please note that Form 1040X  (Amended tax return) will not be available until after 2/12/2020.  

 

To Amend your return in Turbo Tax Online follow these steps:

 

1.  Sign in to your Turbo Tax Account

2.  Scroll down to  Your tax returns and documents and select Amend (change) 2019 return, then Amend using Turbo Tax Online.

3.  Select the reason you are amending and Continue

4.  Answer the questions about your Federal return then begin amending your State return when it says "Lets get started on your state taxes...." (Please note that you only need to make changes to the areas needed - ie adding the additional 1099-C - you will not need to change any other areas of the return.  

 

To Amend your return in Turbo Tax Desktop;

 

1.  Open your tax file you need to amend and select Online and Check for Updates.  

2.  Go to the Federal Taxes tab (or the Personal Tab, if you are using Home & Business) and select the Other Tax Situations Tab.

3.  Scroll down to Other Tax Forms and Select Start next to Amend a return.

4.  Answer the appropriate questions for the State and Federal Returns.  

 

 

 

It does take up to 12-16 weeks for more for Amended returns to be processed.

 

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6 Replies
TiffanyL
Intuit Alumni

Fixing income on tax return

Did you need assistance with fixing a W-2?

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

Fixing income on tax return

Yes. I submitted my return and it was accepted, but just got a 1099C in the mail. What’s the best way to go about adjusting this without getting a penalty? 

KarenM90
Intuit Alumni

Fixing income on tax return

In order to correct your return, since it was already accepted, is to file an amended return.  

 

 

You will need to amend your return.  Please note that Form 1040X  (Amended tax return) will not be available until after 2/12/2020.  

 

To Amend your return in Turbo Tax Online follow these steps:

 

1.  Sign in to your Turbo Tax Account

2.  Scroll down to  Your tax returns and documents and select Amend (change) 2019 return, then Amend using Turbo Tax Online.

3.  Select the reason you are amending and Continue

4.  Answer the questions about your Federal return then begin amending your State return when it says "Lets get started on your state taxes...." (Please note that you only need to make changes to the areas needed - ie adding the additional 1099-C - you will not need to change any other areas of the return.  

 

To Amend your return in Turbo Tax Desktop;

 

1.  Open your tax file you need to amend and select Online and Check for Updates.  

2.  Go to the Federal Taxes tab (or the Personal Tab, if you are using Home & Business) and select the Other Tax Situations Tab.

3.  Scroll down to Other Tax Forms and Select Start next to Amend a return.

4.  Answer the appropriate questions for the State and Federal Returns.  

 

 

 

It does take up to 12-16 weeks for more for Amended returns to be processed.

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Rozn1966
Returning Member

Fixing income on tax return

Didn't finish signing e-file 

Rozn1966
Returning Member

Fixing income on tax return

Didn't finish signing e-file 

ChondelLO
Intuit Alumni

Fixing income on tax return

It looks like your question got cut off, please respond back so that we can try to help.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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