- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Multi year ammendments with large refunds
I have recently discovered that due to a court order, I have been able to claim my children since my divorce, yet have never done so. This goes back 8 years; but I'm only amending the last 3. These credits add up! The question is - if I'm using TurboTax and bring up my taxes for each year, do I simply amend each year individually - or do I need to amend 2016, wait for refund, import that accepted return into TurboTax 2017, then amend 2017, wait for refund, import that into 2018, then amend 2018, etc.
OR - can I simply amend each year as filed (bring up filed taxes, add claims for the children, print amendment)? Will I be hit this next year with taxes on this "income"?
Seems complex if I need to amend last three years based on previous years amended taxes when trying to file all 3 years amendments at same time.
Hope the above makes sense...