Will I be audited if I need to amend my 2022 tax return and the form isnt available yet?

[jkcastro95]

I received a 1099k after I had filed my taxes. I tried to amend it through Turbo Tax but it says the form isnt available yet. Am I at risk for an audit before I can file the form?

[DawnC]

No.  You have three years from the date you filed your return or two years after you paid the tax due (whichever is later) to file an amendment.   How to amend.    What you described happens all the time; no need to worry.   The amending software will be available later this month.   Do not do the amendment until your original return was processed and you received your refund.   If the 1099-K causes you refund to be reduced, you will be responsible for paying back any part of your refund that was claimed in error.   

[jkcastro95]

Ok whew! Unfortunately we are paying this year so no refund. The 1099k is from PayPal and I know the laws changed about the threshold for reporting for 2022 but I didn’t realize in Illinois it was already $1000 and I was only $25 over that. I was in panic mode worried about an audit. I will keep checking for the form and so it as soon as it’s available. Thank you!!