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Do I need to filed amended return for an error on 1099-INT
I filed my 2020 tax return last month and the IRS accepted it and gave me my tax return. Yesterday I just received a note that one of the banks made an error on a 1099-INT that they sent me. The amount I filed was for $75, but the actual interest I earned was $77.40. Do I actually need to file an amended return for such a small amount? Could this actually raise a red flag in the IRS system?
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March 21, 2021
6:56 AM