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Level 2
September 16, 2021
Question

I bonds purchase with 1040X

  • September 16, 2021
  • 5 replies
  • 20 views

I expect a better I bond rate in November. If I file an amended return (1040X) can I purchase I bonds when I amend my return. My filing deadline is Sept 15th.

    5 replies

    Mike9241
    Level 15
    Level 15
    September 16, 2021

    sorry refunds on amended returns can't be used directly to but I Binds

    Amended return. Don’t attach Form 8888
    to Form 1040-X. A refund on an amended
    return can’t be directly deposited to an
    account or used to buy savings bonds.

    Mike9241
    VolvoGirl
    Level 15
    September 16, 2021

    Why can't you buy the bonds yourself when you get the refund?   What filing deadline is Sept 15?   You can efile a 2020 return and amended return until Oct 15.   After that you can print and mail returns.   You have 3 years to file for a refund.

    Level 15
    September 16, 2021

    When you amend a tax return your refund is sent as a paper check by the IRS.   There are no other options for how to get your refund for an amended return.

    **Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
    Level 2
    September 17, 2021

    Thanks. Very helpful.