My 2020 8606 has an incorrect total basis (line 14) I erroneously changed it from what TT had and now realize my mistake. Unfortunately, I e-filed the return. Ideas?

Is it important to correct the basis or can I just correct it next year when I do my 2021 return?

124

Intuit Alumni

Feb 25, 2021 6:38:43 PM

You will not be able to amend your tax return until it has been accepted by the IRS. Please see the TurboTax FAQ here for more information on amending a 2020 tax return.

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My 2020 8606 has an incorrect total basis (line 14) I erroneously changed it from what TT had and now realize my mistake. Unfortunately, I e-filed the return. Ideas?