2475092
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes - One Big Beautiful Bill on Aug 6! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I submitted my return but forgot to include net losses of $43 from my 1099-B. Do I need to amend my return?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

I submitted my return but forgot to include net losses of $43 from my 1099-B. Do I need to amend my return?

You should amend.  The IRS might just see the whole sales as a gain and not know your net loss.

 

Has your 2021 original return been Accepted? You need to wait for it to fully process and you get the first refund. Then you can Amend. So it might be a long wait. And it's too early. The Amended 1040X return is scheduled for March 17, 2022.

 

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

 

 

 

HelenC12
Expert Alumni

I submitted my return but forgot to include net losses of $43 from my 1099-B. Do I need to amend my return?

Yes, you'll need to amend your tax return for the form1099-B $43 net losses not reported on your income tax return. 

  • For additional information, see Do I need to amend? The IRS gets the 1099-B form from your financial institution and will be looking for it on your income tax return. If they don't see it, you most likely will get a letter from the IRS.

 The amended form 1040-X has not been finalized. Our goal is to provide you with the most accurate information possible. As part of this process, we communicate often with the taxing agencies.

 Note: You may also need to amend your state income tax return if you live in a state that has an income tax return. See I need to amend my state return. 

 

 

Related information: 

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

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question