It depends. First, check the instructions linked below for Form 1040-X. The exemptions and dependents section is no longer applicable because there are no personal exemptions any longer. There is a note on Form 1040-X page 2: For amended 2018 or later returns only, leave lines 24, 28, and 29 blank. Fill in all other applicable lines.
Next, check 2019 Publication 501 Dependents, Standard Deduction, and Filing Information on page 4 and page 11 to determine if you are or are not qualified to be a dependent.
If you do qualify to be independent, then before anything is changed in your return, trigger the amendment. Click the link for instructions: How to amend (change or correct) a return you already filed.
- An amended return must be filed to not claim you.
- And you would also file an amended return. Form 1040-X with line 2 changed to the full amount of the standard deduction, $12,200, for singles. Your filing status of single is not changed. Changes to filing status would be addressed in the My Info section after triggering the amendment.
The tax returns for the federal and state should be sent certified mail. It will take 16 weeks for them to be processed.
Amended federal returns are not electronically submitted. Therefore, the paper copy can be edited by hand if necessary. Be certain to include an explanation.
2019 Instructions for Form 1040-X
2019 Publication 501 Dependents, Standard Deduction, and Filing Information page 4 Filing requirements for dependents; page 11 tests for qualifying child and qualifying relative
We are still waiting for IRS guidance regarding updating or providing direct deposit information for the stimulus payments and how they will be distributed to these type of accounts. We will have more information once the government finalizes the details.
In the meantime, you can visit the following links for the most recent updates:
IRS Coronavirus Tax Relief
TurboTax Corona Virus Tax Center Updates
[Edited 4/12/2020 | 3:13 PM PST]
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