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Get your taxes done using TurboTax
Yes, you are required to amend your return to file an correct and accurate income tax return. Your cost basis should be the same, your cost basis, whether you file a return or don't file a return and does not change.
You are required to include all income on your US return if you are a resident/citizen of the U.S. if meet the requirements to be required to file a return.
If you file a return, even if you are not required to file a return, then you must include all income on it. You cannot pick and choose what income to include.e.
March 28, 2021
11:22 AM