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Missed reporting interest payment in previous year's (2020) tax return ?
Hi,
I just realized that I missed reporting interest income of $61 in my 2020 tax return which I filed last year. I got no inquiry from IRS about the mismatch and online portal shows my return was accepted.
Now, do I need to do anything about it OR is it just accepted ?
I asked turbo tax on-call support and h&r block support, both are giving different answers:
- One said that I can simply report that $61 income in my 2021 tax return
- Other said I need to file an amendment for my 2020 tax return.
What is the correct way to handle this ?
Is there any IRS documentation online which covers specifically such a scenario ?
Topics:
March 27, 2022
3:12 PM