WE sold a little lot and just got the docs after filing. With fees to sell we lost money on the deal. Should we file amended or wait til next year?

[Rachel_W · Accepted solution]

If you sold the lot during 2017, the transaction will need to be reported for Tax Year 2017 as well.  You cannot add it to next year's Tax Return. 

If your Tax Return has already been e-filed and accepted by the IRS, you will need to wait until it has been fully processed and you have either received your refund or your payment has cleared.

Once your original return has been fully processed, you will need to Amend it by filing Form 1040-X.

Check out the TurboTax FAQ below for details on how to Amend your return: 

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