Amending is necessary when you need to report a tax form you forgot about or received after filing. Do I need to amend? For your questions:
- There is No fee to amend
- Yes, when TurboTax prepares the 1040X, your taxes are recalculated to account for the changes
- It is likely you will have to mail your amended returns, but you won't have to include a check - you will be able to pay online or do a direct debit
- If you are able to e-file, use your current IP PIN - see this TAS Notice
- You have three years from the date you filed your return or two years after you paid the tax due (whichever is later) to file an amendment.
@BAJJERFAN
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