@ taimishu15 wrote:
Thank you for helping me. Please stay by my side as I attempt to resolve this.
It is an Apex Clearing form 1099 from RH for 2018. The return was prepared via the software. It was accepted already. I just want to know what I need to do now: do I just reference the realized gains and wash sales and add these totals up and include it in Turbo Tax or do I just import the 1099 Form.
I'll help you as far as I can, but I'm just a fellow user, so I don't know how far I can go. If it gets too complicated, we can tell you how to phone TurboTax Support.
So you prepared the return in the desktop software (CD/download)? If you already filed and your original return was accepted, then the only way to add the 1099 you forgot is by preparing a formal amended return (Form 1040X). Do NOT go back in and make any changes to the original return, since it has already been filed and accepted. You have to use the formal amending process to prepare the Form 1040X that I'll reference below. Your return has to start off exactly like it was when you originally filed it. If you changed anything after filing, you need to put it back like it was.
IMPORTANT: Before amending your return, make a backup copy of the original return data file to archive safely in case you mess something up. Name it appropriately, such as "2018original" or something similar. And when naming your amended return file, be sure to use a unique file name so you don't mix them up, such as "2018amended".
Were you due a Federal refund with the original return? If so, it's recommended to wait on the Federal refund to arrive first before amending.
An amended return cannot be efiled. It has to be printed, signed, and mailed and takes the IRS about 16 weeks to process.
Here's how to amend a 2018 return in the desktop software:
https://ttlc.intuit.com/community/amending/help/how-do-i-amend-my-return-in-the-turbotax-cd-download...
During the formal amending process you can enter the 1099. Is it a 1099-B? You didn't specifically say, but I will assume it is. Depending on the number and complexity of investment sales transactions, when you go to the 1099-B interview in TurboTax, you have 3 choices for entering the info:
1) you can try importing the 1099-B, or
2) you can manually enter each transaction directly into the TurboTax program, or
3) if you have too many sales to enter manually, you can enter summary figures in the appropriate categories and enclose a statement detail with the return that details the sales info.
Let me say this again: Before amending your return, make a backup copy of the original return data file in case you mess something up and have to start the amending process over again. And when saving the amended return make sure you are naming it something that distinguishes it from the original, so you don't get them mixed up.
NOTE: If you also have a state return, you may need to amend it as well. Be sure to mail any amended state return separately to the state tax agency.
