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How to update 2020 tax returns to reflect unemployment adjustments made by IRS?
If we e-filed through TurboTax before the 2020 tax break on unemployment benefits was implemented and the IRS automatically corrected our tax return/requested we not file an amendment, how are the corrections made by the IRS being updated in TurboTax to ensure our 2020 tax return is accurate: 1) For other purposes, ie: submitting with current FAFSA applications; and 2) When utilized to prepare 2021 tax returns? Should we create and use an amended return but not actually file it or does the IRS/TurboTax further facilitate this?
‎October 19, 2021
2:04 PM