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I have already filed my taxes with Turbo Tax but just received a 1099-B. Do I still have to file an amendment if the amount is so small?

 
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PaulaM
Employee Tax Expert

I have already filed my taxes with Turbo Tax but just received a 1099-B. Do I still have to file an amendment if the amount is so small?

Yes, you should amend the return to include the 1099-B even if the amount doesn't materially affect your return. The IRS also receives the form and will be looking for it on your return.

Note: Wait until your originally filed return is fully processed before amending. This will avoid errors with the IRS processing. Once the original return is fully processed, use the link below for amending instructions.

https://ttlc.intuit.com/questions/1894381-how-to-amend-change-or-correct-a-return-you-already-filed?... 


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3 Replies
PaulaM
Employee Tax Expert

I have already filed my taxes with Turbo Tax but just received a 1099-B. Do I still have to file an amendment if the amount is so small?

Yes, you should amend the return to include the 1099-B even if the amount doesn't materially affect your return. The IRS also receives the form and will be looking for it on your return.

Note: Wait until your originally filed return is fully processed before amending. This will avoid errors with the IRS processing. Once the original return is fully processed, use the link below for amending instructions.

https://ttlc.intuit.com/questions/1894381-how-to-amend-change-or-correct-a-return-you-already-filed?... 


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

I have already filed my taxes with Turbo Tax but just received a 1099-B. Do I still have to file an amendment if the amount is so small?

thank you very much.  Just finished amending it.
PaulaM
Employee Tax Expert

I have already filed my taxes with Turbo Tax but just received a 1099-B. Do I still have to file an amendment if the amount is so small?

🙂 But don't mail it until the original is processed.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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