MinhT1
Expert Alumni

After you file

Although your form 1099-DIV for $31.90 will only result in a few dollars extra tax, it is better to amend as you can to report all income. The IRS has a copy of the form and automatic match will result in a letter to you which will cause more work in a year or two.

 

If you have already filed your return, you'll need to wait for your tax return to either be rejected or accepted, if it is rejected you can add your Form 1099-DIV, correct any other errors on the return and resubmit it.

 

If it is accepted, you will need to amend your return to add the Form 1099-DIV.

 

Amending won't delay your original refund. However, if you're amending to claim more money, the IRS says to wait until you've received your original refund before filing an amendment. Once you've received your original refund, feel free to cash or spend it while your amendment gets processed

 

Please be aware that Form 1040X will not be available in TurboTax until February 24, 2022, but once it is available, you will be able to prepare and e-file your amended return.

 

Please see this TurboTax article for instructions on how to amend your tax return in TurboTax.

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"