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user income error on 2021 tax return

My gross/taxable incomes were under reported in 2021 due to my lack of knowledge of reporting 1099-B/Form 8949 for an investment account.  The IRS pointed out the mistake via a CP2000 notice letter, after 2021TurboTax 1040 e-filing was accepted and refund paid.  Upon realizing my mistake, I promptly paid the amount of taxes owed. Even with this reporting error, we still received an overall net refund back for the 2021 tax year.  My question is: does this affect my taxes this year as the 2022TurboTax program imported my erroneous 2021 data, where my gross/taxable income was actually little more. Thank you.

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1 Reply
BrittanyS
Expert Alumni

user income error on 2021 tax return

No, the 2021 will not affect your 2022 return.  TurboTax uses the import of information from your 2021 return as a guide to help you compare the two years.  It allows you to review the two returns to help verify the information reported.  TurboTax does not submit any information for 2021 with your 2022 return.  This is for your reference only.

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