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Level 1
posted Mar 7, 2021 10:01:20 AM

TurboTax e-filed my Fed & State Tax 2020 & both accepted. I found error in the banks name on Sched B. but amount is right. Do I need to file amended return?

I do not think e-filing includes the Sched. B worksheet with the incorrect Bank name & TIN. Also, the IRS only gives advice on the need to amend the main 1040 form variations which would not change with this type of error. 

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1 Replies
Level 15
Mar 7, 2021 11:53:11 AM

I wouldn't amend.  at worst you'll get a notice from the IRS then you can send it back noting it was just the wrong name.  the notice, if any, will probably arrive long before the amended tax return form is available.   you might not receive any notice.