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Level 2
posted Jul 10, 2023 4:09:23 PM

Amended return

I need to file an amended return.  I received a corrected 1099 B from a brokerage firm.  A bond was called and it was not on my original 1099.  How do I input this transaction?  

 

Another problem is that I reported a k-1 on my original submission.  Now I have found out that I have to report a k-3.  How do accomplish this task using the amended process?

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1 Replies
Level 15
Jul 10, 2023 5:43:14 PM

Start the amendment process  then revisit each income input section to add the sale and the K-3. 

 

See this TurboTax support FAQ for amending a tax return - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-change-correct-return-a...

 

To enter a K-1 go to 
Federal Taxes Tab ( Personal in the H&B versions )
Wages and Income
Choose Explore on my own or I'll choose what to work on  (if it comes up)
Then scroll way down to Business Items
 S-corps, Partnerships, and Trusts.  Schedules K-1, Q - Click the Start or Update button 

 

To enter 1099-B sales : 

  • Federal Taxes tab.
  • Sub tab Wages & Income.
  • All Income.
  • Scroll down to Investment Income.
  • At subtopic Stocks, Bonds, Mutual Funds click START (or revisit).