Amending 2020 Tax Return Post IRS Acceptance and Issuance of Refund

Hello,

 

I am going to start a new question thread because it seems the other thread I've been a part of has too much baggage and "experts" are answering questions that are not being asked and avoiding the question being asked in replies.  So, starting over.

 

Facts:

1.  I used TurboTax online to file a Married Filing Jointly 1040 for our 2020 taxes, the return was approved by the IRS, and we received our expected refund in early March 2021.

2.  After receiving our refund from the IRS, we realized that we could benefit more if we contributed to my wife's Traditional IRA.

3.  We are 100% positive that we are eligible to receive the tax benefits of such a Traditional IRA contribution.

4.  We contributed an amount to my wife's Traditional IRA in late March 2021.

5.  We want to file an amended return based on the additional amounts added to the Traditional IRA.

6.  We had unemployment income, but that is not in any way, shape, or form the basis of our amended return.

7.  Even though it is not the basis of our amended return, after we amend our return, we will be eligible for  the unemployment benefit created by the 2021 Recovery Act.

8.  We will NOT be eligible for the unemployment benefit created by the 2021 Recovery Act if we do not amend our 2020 tax return.

9.  The IRS through IR-2021-71 has clearly stated that we need to file an amended 2020 return because we have "other credits" that we did not originally claim (i.e., Traditional IRA credits) that will make us "newly eligible for additional federal credits and deductions"; therefore, the IRS will NOT automatically make any changes to our return.  (i.e., The IRS will do nothing to our non-amended 2020 tax return even though we have unemployment income because our non-amended 1040 AGI is over $150,000.)

10.  The IRS through its guidance (https://www.irs.gov/forms-pubs/new-exclusion-of-up-to-10200-of-unemployment-compensation) has provided clear instructions on how to calculate the new exclusion of up to $10,200 of unemployment compensation.

11.  The IRS has already worked with TurboTax to get them up to speed:  "The IRS has worked with the tax return preparation software industry to reflect these updates so people who choose to file electronically simply need to respond to the related questions when electronically preparing their tax returns."  See IRS-2021-71 (March 31, 2021). 

12.  The 1040X is available from the IRS at https://www.irs.gov/pub/irs-pdf/f1040x.pdf for 2020 returns that need to be amended.

13.  TurboTax online software is not allowing me to file an amended return for our 2020 taxes. (i.e., the software tells me that: "Your return isn't ready to be amended yet.  The IRS is making some updates that change how we support amended returns that include unemployment.  We'll be updating our product after we have IRS guidance on the best way to file amended returns so they can be processed quickly and accurately.")

14.  The IRS has provided perfectly easy to interpret guidance to allow TurboTax to do its job.  Clearly, the IRS is not "making" updates, rather, the IRS has already made updates and TurboTax has not yet incorporated those updates that we, the customers, are waiting for TurboTax to incorporate.

 

Question 1:  When will TurboTax update their online software so that I can amend my family's 2020 tax return?   

Question 2:  Would it be faster for me to file my amended return documentation directly to the IRS without the help of TurboTax?

 

Respectfully