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Amended Return Format - what should be sent
I have discovered that need to file Amended Returns for 2017, 2018 & 2019. 2017 & 2018 must be paper filings, but it appears I can use TTax for 2019 & file electronically. I happen to still have 2017 TurboTax - loaded it up and still able to access the Return filed for 2017.
I was hoping a few of you may have gone through this process.
So my question (actually 2) is the format for the 2017 Amended Return by paper. The ONLY thing that needs to be changed is to adjust the basis for several of my stock transactions - to use the Stepped-up Basis for the stock sale due to the death of my spouse in 2017 (missed that option in 2017).
1) Since I need to file a paper copy for the Amended Return - do need to print and resend the entire Return, or do I just send the 1040X page along with the revised Form 8949 pages (since that is the only thing being changed).
2) Several of the stock sales were reported under Short Term sales - whereas due to the death of my spouse, as I read the rules, it appears that in addition to using a stepped-up basis, all sales are now to be reported as LT Capital Gains. This is going to be a mess because someone, maybe TurboTax, split a lot of my sales in half - filing half of the sales as a ST Gain and the other half as a LT Gain using the date of the death of my spouse as the Acquired Date. The bottom line being, the reporting of the stock sales is ALL SCREWED UP (yes, I should have caught that in 2017, but trusted my Brokerages and TurboTax too much when I filed my 2017 Return to go through every stock transaction individually).
Anyway, should I try to correct each individual entry filed in 2017 (new adjusted basis) and move ST Gains entry to LT entries) - or should I just delete the ST Gain entries and replace them (the ST and LT split entries) with the correct LT entries - and should I even report them as an adjustment since most don't line up at all with the original tax filing. YES, it is a big mess.
ron in shawnee