My parents received a letter from the IRS that income was reported from a 1099R that they did not report. It seems they lost/didn't receive a statement for an IRA they cashed in. I am helping them file the amended state return and ran TurboTax for both the federal and state process. Their income has adjusted by about 20k. My question is - should they also amend their 2022 taxes since their income was different? Can they claim the taxes they are paying this year on their 2023 taxes? They are getting older and I'm just trying to keep up.
Thanks for any advice!
