Help! Two days ago I e-filed my return (federal and two states IA and NE). I am a NE resident but have farm rental income from IA. Returns were accepted. Today I received a revised 1099-B from one of my investment firms. They made a correction and issued a 1099-B to my overall 1099 (Misc, D, I etc) for this one account. It was triggered by one stock transaction in which I told a stock for a loss. The loss significant enough to result in a tax refund. The original 1099 did not have a 1099-B as this was the only stock sale transaction. This new 1099-B is the only change to what I originally filed.
What do I do now? How to I file an amended return? Do I open the original TT tax return that I already e-filed? Do a download the one account from my brokerage (I had numerous accounts from this same brokerage along with other brokerages on my original return? Or do I manually enter just the new 1099-B info for this one brokerage account. I have no idea how to start an amended return? Can I hold this and adjust for the stock loss next year? I use the desktop version of TT Advantage Premier for MAC
Someone said I should wait 20 days to file an amended return?
Thanks so much for your help.
Gary
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If you want to change or correct some info on your tax return after you've filed it, you will need to amend your return.
Before filing an amended return, make sure the IRS has already processed the tax return you need to amend. That way, it will be less likely that the IRS will get your original return and amended return mixed up. If you've already received your tax refund, then you know the IRS has already processed your return. Don't amend your return until you know that the IRS has processed your already filed return.
Here are some things to know before you begin:
Select your product below and follow the instructions.
Sign in to TurboTax
Open the TurboTax CD/Download software for the year you're amending:
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