Get your taxes done using TurboTax

First, your return that has been filed reporting the 1099-K as personal property sold and cost backed out (yay!):

• Amend your return. It will take 12-16 weeks to process.
  • With your tax return open after having filed the return, you will be at Tax Home. 
  • Scroll down to Your tax returns & documents and Show.
  • Select Amend(change) my return and follow the prompts. 
  • Only after the Amend(change) is started should you start your return:
    • Go to My Info and Edit your information to note: I can be claimed on someone else's return
    • E-file the amended 2020 return when Form 1040-X becomes available  (Click the link to check for Form 1040-X availability). See: Can I e-file my 1040X to amend my return? 

  • For more details, see: How do I amend my 2020 TurboTax Online return?

Second, your daughter will have to paper file. It will take 16 weeks to process. If she tries to e-file with your social security number, it will be rejected. 

Keep in mind, without 2020 filed, the third stimulus is going to be based on the last filed tax return for each of you. Either way, you may each still qualify for the third stimulus payment if you were not near the income limits. The rules did change, though, for the third stimulus payment.

For more information, see: How will the third stimulus impact me?

You're welcome - we are happy to help; just don't ask me to try to sew! 😉