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If I amend my income showing gains from my Securities that were left off of my 2017 tax return and where do I reflect this on the amended tax form?

 
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If I amend my income showing gains from my Securities that were left off of my 2017 tax return and where do I reflect this on the amended tax form?

The increase in Income will be reflected in Line 1 on Form 1040X.

Before you start amending, you need to make sure your refund/balance due amounts match the amounts from your e-filed return.

Please click here for instructions on how to amend your return. Click on "2017".

When you start amending your return, you will be asked what you need to change.  You will see a screen that looks like the screenshot below.  Click on the button beside Wages & Income.  This will take you to the Federal Wages & Income page.  Scroll to Investment Income and click on Show more if needed.  Click on the button beside Stocks, Mutual Funds, Bonds, Other and you can enter your stock transactions here.

The tax calculator on Turbo Tax resets to zero when you start the amendment process.  So, once you start the amended return, make your changes, any amount showing in the tax calculator is the amount of additional refund or taxes due.

You should wait until you have received your original refund, if you are expecting one, before mailing your amended return!  You will need to print, sign and mail your amended return.


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If I amend my income showing gains from my Securities that were left off of my 2017 tax return and where do I reflect this on the amended tax form?

The increase in Income will be reflected in Line 1 on Form 1040X.

Before you start amending, you need to make sure your refund/balance due amounts match the amounts from your e-filed return.

Please click here for instructions on how to amend your return. Click on "2017".

When you start amending your return, you will be asked what you need to change.  You will see a screen that looks like the screenshot below.  Click on the button beside Wages & Income.  This will take you to the Federal Wages & Income page.  Scroll to Investment Income and click on Show more if needed.  Click on the button beside Stocks, Mutual Funds, Bonds, Other and you can enter your stock transactions here.

The tax calculator on Turbo Tax resets to zero when you start the amendment process.  So, once you start the amended return, make your changes, any amount showing in the tax calculator is the amount of additional refund or taxes due.

You should wait until you have received your original refund, if you are expecting one, before mailing your amended return!  You will need to print, sign and mail your amended return.


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