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Do I need to amend if I didn't fill out 1099S and we are within exemption level
Sent off my taxes the other day and it dawned on me that the Escrow Company didn't send me a 1099S when I sold my house last year. I went back through Turbo Tax to amend and after putting in all the information, we fell just within the $500,000 exemption for gains (Married and $491k gain). When I finished, Turbo Tax said it didn't note any changes from my original. Since we are within the exemption, do I still send in the amended return with an explanation? Thanks in advance.
Jim
‎February 23, 2023
12:47 PM