@Kld0419 wrote:
I have a form 5498 IRA contribution of 1200.00. Is it worth doing an amendment? If so I need a 1040X and is there any support filling it out from Turbotax?
A Form 5498 is an informational form only and is not entered on a tax return.
If you made a contribution to an IRA for tax year 2020 and did not report it the 2020 tax return that you filed then you need to amend the 2020 tax return to report the contribution.
An amended return, Form 1040-X, can only be printed and mailed to the IRS if the original tax return was not e-filed. The IRS will take up to 16 weeks or longer to process an amended tax return.
Before starting to amend the tax return, wait for the tax refund to be received or the taxes due to be paid and processed by the IRS.
See this TurboTax support FAQ on amending a tax return originally completed and filed using the 2020 TurboTax editions - https://ttlc.intuit.com/community/amending/help/how-do-i-amend-my-return/01/27439
