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If I didn't report $142 of interest on my 2016 income tax will I need to amend my 2016 tax form and if so how?

Can I add the unreported interest to this years bank interest instead of filing  an amended form.
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FaithY
Expert Alumni

If I didn't report $142 of interest on my 2016 income tax will I need to amend my 2016 tax form and if so how?

Yes, you should amend your 2016 tax return to include the $142 of interest. You should not add the $142 of interest to your 2017 tax return. If you add the $142 to your 2017 tax return, IRS may send you a letter asking why you didn't report the $142 of interest in 2016.

Please Click Here to read the TurboTax FAQ on how to prepare an amended tax return using TurboTax

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