Skip to main content
Level 2
June 3, 2019
Solved

When to amend a return

My tax return for 2014 was filed with an error in which I forgot to add Gambling income and Cancellation of debt. This error was corrected with IRS and paid taxes that were due on 04/16/2016 . Do I go back to that return to amend?
    MiriamFAnswer
    Alumni - Intuit
    June 3, 2019

    No, You don't need to amend your 2014 return.

    Unless you are still waiting to file your tax return with TurboTax for 2015, there wouldn't be much point in amending. Neither the 1099-C nor the W-2G will have an impact on future returns. You have settled your debt, and that's all that matters.

    2 replies

    MiriamFAnswer
    Alumni - Intuit
    June 3, 2019

    No, You don't need to amend your 2014 return.

    Unless you are still waiting to file your tax return with TurboTax for 2015, there wouldn't be much point in amending. Neither the 1099-C nor the W-2G will have an impact on future returns. You have settled your debt, and that's all that matters.

    Level 2
    June 3, 2019
    Thank you so much.