@CandP507 wrote:
@macuser_22 I see, so I do need to amend my 2019 taxes and will need to amend my 2020 taxes (assuming I don't get the 5329 information prior to filing through TurboTax this year). If I filed my 2019 taxes through TurboTax with my husband, can I amend through TurboTax or should we amend by paper?
You are amazing, thank you again for your help!
2019 amended can only be mailed.
You already have the necessary information to amend 2019 and 2020 - it is the amount of excess (not including any gain or loss - just the amount of excess).
2019 and earlier can only be amended with TurboTax using the CD/download version installed on a PC or Mac computer.
2019 amended Federal returns can either be e-filed or mailed. 2018 and earlier amended returns can only be mailed. It is suggested that it be mailed certified with return receipt (or other tracking service) to verify that the IRS or state receives it.
See this TurboTax FAQ for detailed amend instructions:
https://ttlc.intuit.com/questions/1894381-how-to-amend-change-or-correct-a-return-you-already-filed
-- Amended returns can only be mailed - allow 8-12 weeks - can take up to 16 weeks (4 months) for processing.
You can check the status of the amended return here, but allow 3 weeks after mailing.
https://www.irs.gov/filing/wheres-my-amended-return
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
