(just received 1099 B for some unclaimed property in TN do I need to amend my return

[NancyG · Accepted solution]

You may need to amend your return if a portion of the Unclaimed Property was taxable income. Whether the income is taxable or not depends upon what it represents.

You need not claim it unless you have some reason to believe that it represents taxable income.  If is merely a return of property you previously had and forgot about, that is not a taxable event.  For example, if it was an old bank account that you forgot about, the portion that is interest is taxable but not the portion that represents what you put into the account

How to Find Your Unclaimed Property & Cash