If TurboTax identified an error in Box 1 of your 1099-INT data after you filed your return, you will need to amend your return. Here’s how to proceed:
- Wait for Acceptance: Ensure your original return has been accepted by the IRS (or mailed if you filed a paper return).
- Use the Same TurboTax Account: Log in to the same TurboTax account you used to file your original return.
- Open Your Return: Log in to TurboTax and open your current tax return.
- Start the Amendment Process: Navigate to the “Federal Taxes” tab, then “Other Tax Situations.” Select “Amend a Return” and follow the prompts to start the amendment process.
- Correct the Error: Delete the incorrect 1099-INT entry
- Go to Income” and select “Interest on 1099-INT.”
- Find the incorrect entry and delete it.
- Re-enter the correct information from your 1099-INT form.
- Review and File the Amended Return: Review your amended return to ensure all information is correct.
- Follow the prompts to file the amended return. Note that TurboTax does not support e-filing for amended returns; you will need to print, sign, and mail it to the IRS.