If you've received an email stating, "We received your request to review and update your 2020 tax return. Unfortunately, your tax return is not eligible to be released prior to transmission to the IRS.," it means that the return is waiting in a repository to be transmitted to the IRS. It's not possible to stop the transmission and retrieve it to make changes, unfortunately.
It's as if the return were dropped into a mailbox and already on the way to the Post Office.
The IRS will begin processing returns on February 12 on a first-come-first-serve basis. To make any changes, you'll have to wait until your return is either accepted or rejected before you can make any changes.
- If rejected, you can make any necessary changes.
- If accepted, you'll need to amend your return.
Here is a TurboTax FAQ that explains the process of amending.
If all you need to handle is the stimulus, you can send any extra portion back to the IRS if needed. If their records indicate that there's a Recovery Rebate Credit claimed in error, they will let you know.
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