Yes you will need to amend HOWEVER you must WAIT for the original return to be fully processed AND you have gotten the original refund or gotten a bill for the remaining balance due after the IRS makes the changes to the return . THEN and only then should you start the amendment process AND the return must start with the changes the IRS made to the return BEFORE you click on the amendment option ... this can be tricky. Hopefully you kept a PDF of the return as originally filed so you know how it looked originally. When you open the return the program should update the return to reflect the Unemployment and PTC changes so make sure you don't try to make the changes a second time ... make sure to look at the form 1040 as you go.
To see how to amend your taxes, click here:
Steps to amend in TurboTax
How to file amendment
Look at the form 1040X …
Column A should have the figures from the original return (or as changed by the IRS), Column C the corrected figures and Column B the differences between the other 2 which needs an explanation on page 2 of the form 1040X.
If you completed it correctly you will see an entry on either line 16 OR 18:
On line 16 should be the amount you paid with your original return. If you paid nothing already then this line should be zero.
On line 18 should be the amount of your original refund you received. If you have not received your refund yet then you need to wait for it. If the refund changes from what you expected then this line must reflect that change.
Then you will see your extra refund on line 22 OR the new balance due you need to pay on line 20.
