Thanks @Opus 17 ! Appreciate the quick response.
I did find this article (https://www.investopedia.com/terms/s/section-1341-credit.asp) while I was waiting for a reply on this thread, which confirms your statement, that you would have to do it in the tax year you paid.
Thanks again. Just out of curiosity. I'm just wondering, since I received the W-2C from my employer for the 2018 tax year. The only issue I have is that the Box 1 and 2 were left blank, while they reflected the reduction of the $10k in wages in boxes 3-6. While tweaking the Turbotax 2018 return, which I still have. If I simply update the W2 Box 1 with the original amount - $10k. The amended return calculates the proper additional refund of roughly $2000 for Fed and $200 for state. This is the amount I would be getting back as a credit in 2020 using the IRC 1341 form.
Can I not just file the amended 2018 return now with these numbers? Is using the 1341 method just to avoid dealing with filing an amended return? I don't see why it matters to the IRS as the refund amount is the same. Is there a reason I cannot file the amended 2018 return in this way?
Thanks!
