Re-import after amending my last years return

[bkark]

Turbo Tax for PC … While doing our 2024 income tax using TurboTax, at the “final” summary it showed that we made about $9,000 more than I expected. In reviewing our 2023 vs 2024, I notice that I put the wrong entries from our social security SSA-1099’s box 5 in the “2023” forms for both of us.  So i corrected and amended our 2023 return and mailed them today. I have not filed the finished 2024 this years return. We are 2 weeks from April 15, but have completed them in TT.

Q…Does last year’s return affect this year in anyway?

Q…If so … Will I have to redo 2024 from the start? Or can I re-import the amended return?

Q…Can I file 2024 NOW? before 2023 is excepted? They say it can take up to 12 weeks to be accepted? I did send them certified mail. Thanks, with two weeks to go I am slightly panicking 

[VolvoGirl]

We don't know if it will affect 2024 but if you only changed SS it probably won't.  Did it change line 6b or change the refund or tax due?  Did you take the Standard Deduction or itemize on schedule A?

No you can't import the amended return into 2024 without starting over.  

You can efile 2024 now without waiting for 2023 amended to process.   You will need to enter the AGI from the original 2023 return.  

[bkark]

Thanks VolvoGirl for your reply, but i still have 2 questions,

It change line 6b.

I owe more to Federal and paid it with the amended return.

I take the standard Deduction.

QUESTIONS >>> So I will be starting over. importing the amended return.

Won't the proper AGI transfer from the amended return?

OR do I need to put the Original (First) AGI?

THX BK

[MarilynG1]

If you're Efiling your 2024 return, it will ask for last year's AGI in the FILE section (to identify you to the IRS).  Use the AGI amount from your original 2023 return, since your amended 2023 return has not been processed yet.

@bkark 

[bkark]

Hi MarilynG1,

Thanks for the reply,

Note though, TurboTax never asked me my AGI in the e-filing process.

Thanks BK

[jsueb]

The amended return will take 16 weeks process of some large amount of time. I think the main issue is the carry over if you are in business for yourself and you have carry over. At least that is my situation. I think you're right about no AGI showing as can be seen by printing out what forms get filed and although I haven't gone too far on the efile page since I know the carry over will make it get rejected the key is sadly,  to mail both the amendment and this year's return created by importing the amended version  in printed form. That was what was recommended to me when I got a hold of a tax expert on Turbo Tax. I was starting to come to that conclusion myself and she verified it. You may be able to verify if the amended return and new one have no mismatched pieces of info. I think the main issue is the carry over if you are in business for yourself and you have carry over. Another could be the refund amount could mismatch if you change things in amended one after importing to the new one and had asked to have the refund applied as credit to 2025 (this can be fixed by not having it applied in both versions). I think you're right about no AGI showing as can be seen by printing out what forms get filed and although I haven't gone too far on the efile page since I know the carry over will make it get rejected and the key is sadly to mail the amendment and the new filing based on the amended version together in printed form. To be clear I use the desktop version.