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temcoh
New Member

My taxes have been submitted but not processed. I received a 1098 E. I need to add this without amending.

Turbo tax indicated I did not need to add this form but the form has an interest amount on it .
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4 Replies

My taxes have been submitted but not processed. I received a 1098 E. I need to add this without amending.

If you are qualified to deduct the student loan interest then you should do it - it will add to your refund if you had a tax liability.

If you filed, it is like dropping it into the mail - you cannot get it back if accepted by the IRS or state.

To amend your 2020 tax return:

The IRS will not open to accept or reject return until Feb 12, so wait.

-- First, *wait* to see if your return has been accepted or rejected by the IRS or state. DO NOT do anything until you receive the accept or reject e-mail.

-- If rejected, you can correct and re-send your return.

-- If accepted you should *wait* until your return has been processed and you receive your refund or conformation that any tax due has been paid. (If you file an amended return while you first return is being processed it can cause extended delays for both returns if two returns are in the system at the same time). In addition, if the IRS makes any change on your original return, you might end up having to amend the amendment – a sticky process that can take a year or more).

-- Then you can start the amend process.

It is suggested that it be mailed certified with return receipt (or other tracking service) to verify that the IRS receives it. That is the only proof of mailing that the IRS will accept.

-- Amended returns can be mailed or e-filed - allow 8-12 weeks - can take up to 16 weeks (4 months) for processing.


See this TurboTax FAQ for help with amending:

https://ttlc.intuit.com/questions/1894381-how-to-amend-change-or-correct-a-return-you-already-filed

You can check the status of your amended return here but allow 3 weeks after filing for it to show up:
https://www.irs.gov/filing/wheres-my-amended-return

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
temcoh
New Member

My taxes have been submitted but not processed. I received a 1098 E. I need to add this without amending.

I had to amend last year because I did not realize my school sent me a 1098 E. Is it bad to amend 2 years in a row?

LinaJ2020
Expert Alumni

My taxes have been submitted but not processed. I received a 1098 E. I need to add this without amending.

Since you have already submitted your tax return, you will have to wait until Feb 12 when the IRS opens the gate. Just like what macuser_22 explains, you cannot return to the program to make any changes before that. 

 

If your return got rejected for whatever reasons, you can return to the program / account to report your student loan interest amount along with other changes.  You do not need an amendment 1040-X.

 

If your return has been accepted, you will have to amend your return by filing a form 1040X.  You should not try to amend your return until it has been fully processed and you have received your refund or your payment has cleared.

 

Beginning with the 2019 tax year, you can e-file amended tax returns. If you used TurboTax to prepare Form 1040-X, follow the software's instructions to e-file the amendment.

 

To see how to amend your taxes, click here: 

 

Steps to amend in TurboTax

 

How to file amendment

 

@temcoh

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LinaJ2020
Expert Alumni

My taxes have been submitted but not processed. I received a 1098 E. I need to add this without amending.

No, it is not bad to amend in two rows.  You are allowed to do so by the IRS especially by amending the information will give you more refund.  

 

Note that The IRS will only accept an amended return within three years of the date you filed the original return or within two years of the date you paid the tax for that year, whichever is later.  For more information about amendment, click here: https://www.irs.gov/taxtopics/tc308

 

@temcoh

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