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Given that the IRS has already accepted my return, is it still necessary to file an amended return to report my primary residence? YES, if needed, but you can't file until your original return is fully processed - you receive your refund
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What are the potential benefits of reporting my primary residence on an amended return? Specifically, am I likely to be eligible for deductions related to mortgage interest paid and a potentially higher refund amount? we can't be sure. to be of benefit your itemized deductions must exceed your standard deduction which depends on your filing standard deduction if not over 65:
single or married filing separately$14,600
head of household $21,900
joint return or qualified surviving spouse $29,200
if you enter your itemized deductions Turbotax will optimize
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I have attempted to complete Form 1040-X, Amended U.S. Individual Income Tax Return, using TurboTax software. However, I have not been able to find the option within the software to add the necessary information to report my primary residence. Could you please advise on how to properly report this information using TurboTax?
what version are you using? the basic version does not allow for itemized deductions
https://turbotax.intuit.com/tax-tips/amend-return/how-to-file-an-amended-return-with-the-irs/L6kO691...
