2010608
I recently received a 1099 DIV which actually reduced my dividends and thus lowing my adjusted income and increasing my return from the state (AZ). So far the state has not processed my return and issued my refund. I take it I should await for this to occur? It also appears the Turbo Tax Home & Business wants me to re-enter ALL my info rather than just asking me what is different versus what I have already filed. Is this a bug in the program or am I just going about this incorrectly?
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Amend will not be available until the IRS releases Form 1040X. We expect the form to be available in TurboTax in mid to late March. You do not amend until your original return has been processed. When amend is available the Home and Business will be updated and an amend option will be on the screen. When you start your amend, TurboTax will show your refund amount as zero. Then that amount may change as you amend your entries. You will only have to change the item that you are amending. Home and Business does not show that yet.
When amend is ready, go into TurboTax and follow the instructions for amend. You will make your changes to the 1099-DIV in the federal section, then walk through all of the amend questions to be sure the information carries to the state. You will be amending both the federal and the state returns when you add the 1099-DIV.
You have 3 years from the date you filed your return or 2 years after you paid the tax due (whichever is later) to file an amendment.
Understood. Thanks.
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