Filing 8962 after 1040 and other forms have been filed

[freddytax]

Oh, I did the amending with the 1095-A which did create an 8962 and reflected the higher tax that I owe AFTER the return was already accepted by the IRS. 

So that's where I am right = I owe for the 8962 amount + ~$900 extra on the late penalty (I bought a house at the end of the year and cashed in stocks, equities, CDs, etc. but wasn't paying taxes quarterly since I did not know I was going buy said house.

[RobertB4444]

So now submit the amended return and the payment then.

@freddytax 

[freddytax]

Is that possible with the TT software?  I didn't find where I could resubmit the return after it was accepted by the IRS and wouldn't that be a 1040X?

I did find this link:  https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-forms/got-12c-letter-irs-form-8962/L...

Ah, I find where you can amend the return and then TT wants you the mail it in.

[RobertB4444]

Yes.  You need to amend your tax return.

First, go to your tax return and delete the extra information that you entered.  You made changes to your tax return without amending it.

Next leave the tax return and go to your TurboTax account and then click the 'amend' button for your 2024 return.  

Now add all of the 1095-A stuff back in to your return.  It will generate a 1040-X and an 8962 and if you filed the original return electronically you can file this one electronically as well.

Here's more information on amending a tax return.

@freddytax 

[freddytax]

Can the e-filing be done only with Turbotax Online and will this make my return late?

[RobertB4444]

The e-filing can only be done using the software that you used to file the original return.

@freddytax 

[freddytax]

So I followed your steps:

1.  Went into the return that I filed and was accepted

2.  Deleted the 1095-A and 8962

3.  Went out of the return and went to amend

4.  Added back the 1095-A info

5.  An 8962 and a 1040X was generated

So does the entire return, all the forms, etc. get filed along with the 1040X?

Now I see an additional amount owed that looks a few thousand dollars less that the original Premium Tax Credit I owed on the updated original return.

[DawnC]

No, only the forms that had changes need to be mailed with the 1040X.  

[freddytax]

Now another tax expert suggested that I file a 1040X that includes the 1095-A and 8962.  And it appears that this amended return can be done online.  Is that not the case?

I did these steps to amend the return.

1.  Went into the return that was filed and accepted

2.  Deleted the 1095-A and 8962 that I added AFTER the return was accepted

3.  Got out of the return and went to Amend

4.  Followed the steps and added back the 1095-A info

5.  And 8962 and a 1040X were generated

6.  1040X shows the additional amount I owe

Should I file this return or wait for the 12C?  I can't find the web page on the TT site but I seem to remember that if you forgot the 8962 it says DON'T file a 1040X, wait for the 12C.  Is that the case or do I file the 1040X?  It looks like ALL the forms would get sent if I e-file.

[DawnC]

File the amended return.   If you get a 12c later, you can fax the 8962 then.  

[freddytax]

Will the IRS get confused when they see two returns e-filed that have all the forms?  I think the only way I can file just the 1040X and the 8962 is by mail.

[Vanessa A]

The 1040X overrides the 1040.  They will add any extra documents you send with the 1040x to the 1040.  

[freddytax]

Thank you!  But it looks like the amended return sends everything, e.g., Schedule B, D, etc. since they've already been sent the first time.  Is that ok?  The new 1040 shows the new amount I owe and the 1040X shows the difference between the original 1040 and the new one.  It sounds like that would work?

[CatinaT1]

Yes. That's how it's supposed to work!

[freddytax]

Thank you!  So does the IRS count my entire return as being late if it's amended?  I filed the original return on Apr. 12, 2025 and paid the bill.  This did not include the 8926 which I included the return I generated today along with the 1040X.

And I only get dinged a little interest for the additional amount I owe on the 1040X?  I don't want to get dinged on the entire amount I owe which is huge!