Please Help. Amending Tax Return For 2018 & 2019

Forum|Forum|5 years ago
March 11, 2021
1 reply
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Good Afternoon, I filed my 2018 and 2019 taxes in a accounting office. But, I Invested in stocks in 2018 and 2019. I didn't know I have to report it when filing for tax return. But, I lost money for both of the years so I don't owe any taxes. Now, the issue is that If I amend it in the office they are charing me $300 for each amend. It's too expensive. How would I file a amended tax return for 2018 and 2019 in turbo tax and what's the price?

TurboTax Live Premier Online

HelenC12

Level 15

Yes, you can use TurboTax. You'll have to purchase the TurboTax CD\Download versions for 2018 and 2019. You won't be able to use the online version. The online version is only available for the current year.

To check the price, see:

How do I file 2018 income taxes?
How do I file 2019 income taxes?
You'll have to amend your state income tax return if you live in a state that has a state income tax. One state comes with your CD\Download. See How do I amend a prior-year state return?

To amend, it won't cost you any more. You'll be able to use the CD\Download versions you purchased.

Do this for each year.

Recreate the original return exactly as it was filed as part of this process.
Save the return again but this time you'll be saving the amended copy. This preserves your original return "as is," in case you make an error on the amendment and need to start again. Rename the amended copy (e.g., JDoeAmended, 2018 Amended Return, etc.) before you click Save.

Note: Generally, Form 1040-X, Amended U.S. Individual Income Tax Return, must be filed within three years of the date the original return was filed, or within two years of the date the tax was paid, whichever is later.

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