How do I amend? I filed a basic 1040 with standard deductions. I have received a 1099-Q and need to add this income. There is not an option for this using Amend feature.
I think it is because I did not file form with deductions. But that does not explain how to amend.
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You may not need to amend.
You can just not report the 1099-Q, at all, if your
student-beneficiary has sufficient educational expenses, including room &
board (even if he lives at home) to cover the distribution. When the box 1 amount on form 1099-Q is fully
covered by expenses, TurboTax will enter nothing about the 1099-Q on the actual
tax forms, including form 1040X (amendment).
You may not need to amend.
You can just not report the 1099-Q, at all, if your
student-beneficiary has sufficient educational expenses, including room &
board (even if he lives at home) to cover the distribution. When the box 1 amount on form 1099-Q is fully
covered by expenses, TurboTax will enter nothing about the 1099-Q on the actual
tax forms, including form 1040X (amendment).
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