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I just found a 1099-div that i didn't include on my taxes....what should i do?

 
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Accepted Solutions
AnnetteB
Intuit Alumni

I just found a 1099-div that i didn't include on my taxes....what should i do?

If your tax return has been accepted by the IRS, then you will need to amend it to include the additional income shown on the form you just discovered.  If for some reason your return is rejected, simply include the new income as part of the return before you resend it. 

The alternative to not amending your return would be to wait for the IRS to catch the unreported income.  They would send you a letter including a possible balance due plus penalties and interest. 

See the information below for instructions to amend your return using TurboTax online. 

https://ttlc.intuit.com/replies/5567856

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1 Reply
AnnetteB
Intuit Alumni

I just found a 1099-div that i didn't include on my taxes....what should i do?

If your tax return has been accepted by the IRS, then you will need to amend it to include the additional income shown on the form you just discovered.  If for some reason your return is rejected, simply include the new income as part of the return before you resend it. 

The alternative to not amending your return would be to wait for the IRS to catch the unreported income.  They would send you a letter including a possible balance due plus penalties and interest. 

See the information below for instructions to amend your return using TurboTax online. 

https://ttlc.intuit.com/replies/5567856

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