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Should I file an amended tax return if I received a corrected 1099-DIV that changes my taxes owed by $18?

 
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Accepted Solutions
Kat
Alumni
Alumni

Should I file an amended tax return if I received a corrected 1099-DIV that changes my taxes owed by $18?

The IRS typically wants an amended return for changes that increase your tax liability more than $10.  

However, you may want to just wait and see if you hear from the IRS first.  I say that only because amending is such a pain.  🙂

*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***

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2 Replies
Kat
Alumni
Alumni

Should I file an amended tax return if I received a corrected 1099-DIV that changes my taxes owed by $18?

The IRS typically wants an amended return for changes that increase your tax liability more than $10.  

However, you may want to just wait and see if you hear from the IRS first.  I say that only because amending is such a pain.  🙂

*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***
Kat
Alumni
Alumni

Should I file an amended tax return if I received a corrected 1099-DIV that changes my taxes owed by $18?

If you decide to amend, don't forget your state return if that's applicable in your situation.
*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***

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