How do I amend an already filed 2017 return to include Form 8606?

[bondeen]

When going through the Turbo Tax interview, instead of checking the correct box to say that some of my 1099-R IRA distribution went to a Roth IRA account (a conversion), I checked the button that said I cashed it out for other purposes. Therefore, it did not create a Form 8606.  I believe I need to file an amended return to fix that and send Form 8606 to the IRS. Is that required?  Thank you.

[MelaineC · Accepted solution]

I would prepare the amendment but then only send it in if you owe any money or are due any additional refund. There is no cost because you have to mail it in (if you submit it). If you are due an additional refund, you do not have to submit it unless you want to.  For more information as to when to amend and how to do so, please view TurboTax FAQ Do I need To Amend My Return.  At the end of the answer, there are also links, in blue, on how to do so in TurboTax.

It would be best to wait until you have received your refund from the tax return already submitted (if you are expecting one).  This will prevent delays in receiving your refund and you generally have 3 years to amend, from the day your taxes are due or 2 if you paid taxes due to owing taxes.  There usually are no penalties if you will receive a refund.

The 2017 amendment form is not yet available.  Please check back once you have received your refund.

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