I need to amend my 2020 return by removing income I mistakenly claimed (Sale of Business Property). I can only edit that section. I need to remove that income. How?

[danrobb]

TurboTax prompted my to claim the sale of my primary residence as income because I had rented the property out while stationed overseas.  Under IRS Publication 523 I was exempt from claiming that as a business property as it was considered my main residence.  I need to amend my return to remove that income and recalculate my taxes using the lower income, which will increase the return I should have received.  I can only seem to edit that income but cannot remove it which is what is required.

[Anonymous_]

Contact Support.

What is the TurboTax phone number? (intuit.com)

[Critter-3]

How to Amend

https://ttlc.intuit.com/community/amending/help/how-to-amend-change-or-correct-a-return-you-already-...

Once you have started the amendment process, since you are using the downloaded program, switch to the FORMS mode and delete the form with that sale on it (should be a form 4797)  then you must still report the personal residence sale so that the depreciation recapture can happen properly. 

Click on Federal Taxes (Personal using Home and Business)
Click on Wages and Income (Personal Income using Home and Business)
Click on I'll choose what I work on (if shown)
Scroll down to Less Common Income
On Sale of Home (gain or loss), click the start or update button

Or enter sale of home in the Search box located in the upper right of the program screen. Click on Jump to sale of home

[danrobb]

I am not using the downloaded version.  I'm using the online version.

[Cynthiad66]

@danrobb

In order to amend your return, you will need to switch to TTD (TurboTax Desktop) to process 2020 amended tax return.

You can amend this year’s return only with this year’s version of TurboTax. If you want to amend your return from a prior year, use that year’s version of TurboTax Desktop.

How to Amend Using TurboTax






 

[Critter-3]

NO prior year return can be done currently using the ONLINE program as it is only set for the 2022 tax year AND amending those will not start until late Feb at the earliest.   You MUST either use a prior year downloaded program or  fill in paper forms manually.