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Forgot to add points paid on purchase of principal residence but it shows in uploaded documents. should I amend the return?

 
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Forgot to add points paid on purchase of principal residence but it shows in uploaded documents. should I amend the return?

If you need to make changes to a return that was already filed and accepted, you will need to amend your return. Please click here for instructions. 

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Expert Alumni

Forgot to add points paid on purchase of principal residence but it shows in uploaded documents. should I amend the return?

It might make a difference in your return. I would go ahead and go through the amending process to see what difference it makes, if any, and then decide what you want to do. You do not have to amend, but if it makes your return more accurate and complete, it is always recommended you do.

 

If you already filed your return you will need to wait to see if it was rejected or accepted. If they were rejected you are able to login to your return to fix what you need to fix and fix the errors that caused the rejection and refile the return. If your returns were accepted, then you will need to file an amended return. You should not try to amend your return until the original return it has been fully processed and you have received your refund or your payment has cleared.


Amended returns do not “catch up” to your original return and replace them; they are processed as two separate returns.  Amended returns have to be printed and filed by mail.  It can take the IRS up to 12 weeks or longer to process them.   If you are due a larger refund than on your original return, your amended return should only show the difference and you will receive a separate check for it.

 

If you owe money on your amended return, it will show only the new amount owed, you will have to mail a check with the return. You can check the status of your amended return by clicking here: https://www.irs.gov/filing/individuals/amended-returns-form-1040-x-/wheres-my-amended-return-1

 

Click here for amending instructions: https://ttlc.intuit.com/replies/3288565

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

View solution in original post

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Expert Alumni

Forgot to add points paid on purchase of principal residence but it shows in uploaded documents. should I amend the return?

If you need to make changes to a return that was already filed and accepted, you will need to amend your return. Please click here for instructions. 

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

View solution in original post

Highlighted
Level 1

Forgot to add points paid on purchase of principal residence but it shows in uploaded documents. should I amend the return?

Is It Crucial and necessary to add them does it benefit in any way?

Highlighted
Expert Alumni

Forgot to add points paid on purchase of principal residence but it shows in uploaded documents. should I amend the return?

It might make a difference in your return. I would go ahead and go through the amending process to see what difference it makes, if any, and then decide what you want to do. You do not have to amend, but if it makes your return more accurate and complete, it is always recommended you do.

 

If you already filed your return you will need to wait to see if it was rejected or accepted. If they were rejected you are able to login to your return to fix what you need to fix and fix the errors that caused the rejection and refile the return. If your returns were accepted, then you will need to file an amended return. You should not try to amend your return until the original return it has been fully processed and you have received your refund or your payment has cleared.


Amended returns do not “catch up” to your original return and replace them; they are processed as two separate returns.  Amended returns have to be printed and filed by mail.  It can take the IRS up to 12 weeks or longer to process them.   If you are due a larger refund than on your original return, your amended return should only show the difference and you will receive a separate check for it.

 

If you owe money on your amended return, it will show only the new amount owed, you will have to mail a check with the return. You can check the status of your amended return by clicking here: https://www.irs.gov/filing/individuals/amended-returns-form-1040-x-/wheres-my-amended-return-1

 

Click here for amending instructions: https://ttlc.intuit.com/replies/3288565

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

View solution in original post

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