I would like to Amend my Tax Return for 2020. please let me know.
An amended return, Form 1040-X, can only be printed and mailed to the IRS if the original tax return was not e-filed. The IRS will take up to 16 weeks or longer to process an amended tax return.
Before starting to amend the tax return, wait for the tax refund to be received or the taxes due to be paid and processed by the IRS.
See this TurboTax support FAQ on amending a tax return originally completed and filed using the 2020 TurboTax editions - https://ttlc.intuit.com/community/amending/help/how-do-i-amend-my-return/01/27439
Used TT FreeFile online edition to file 2020 return, which was fully processed by IRS, and now want to amend 2020 return because there's an additional credit available because of the unemployment exclusion. We already got the IRS recalculated unemployment refund. But when we go to amend on TT to claim the savers credit TT does not reflect the unemployment refund already received and so the draft amended return is asking for a larger refund ($656) than we are due now ($200). None of the linked TT instructions address how to fix this. Do either of you know how to fix that using the online FreeFile? Many thanks.
BEFORE you start the amendment process you MUST make the unemployment change ... not sure you can with the online version but you can try. Undo the amendment if you started it too early then log out. Log back in and scroll down and click on ADD A STATE to open the return and revisit the unemployment section to get the program to update it like I already mentioned. Only when you have the return corrected should you start the amendment process. Contact TT support if you need more help.
@Critter-3Thanks again but TT online IS making the unemployment change but the tax return amendment function is NOT adding the IRS refund adjustment already received to line 18 so the draft amended return is claiming too much.
From 1040-X "Refund or Amount You Owe"
"18 Overpayment, if any, as shown on original return or as previously adjusted by the IRS"
And, no, the ADD A STATE strategy didn't work either, sigh. One shouldn't have to be calling TT to get support for this. It should be built into the "amend my return" online functionality. Does anyone who works for TT actually participate in these discussions?
Hi I haven't filed n yet 1040x form. Can you please help me at this number [phone number removed]. I need to file in order to receive my sitmusic checks. I haven't received any of them
@Brillon77 No one can call you from the user forum. In fact this is a public website visible to anyone on the internet so the filter removed your phone number for your own protection from scammers and identity thieves. Have you filed a 2020 tax return at all? You do not file a 1040X unless you already filed a 2020 return that has been fully processed and you need to correct mistakes on it.