Can I amend my filing now or must I wait until the IRS contacts me? I failed to enter my 2020 IRA distributions as income.
My tax software directed me to file via paper and I did that.
03512
3 Replies
fanfare
Level 15
May 22, 2021 12:16:09 AM
your paper 1040 could take months to process.
IRS may correct your return for you , since they get the 1099-R also.
Carl
Level 15
May 22, 2021 3:19:43 PM
Since you mailed the return, I would highly suggest you wait until you hear from the IRS. A paper filed return could take months before they process it.
SweetieJean
Level 15
May 22, 2021 4:35:25 PM
But if you expect to now owe taxes, you might want to make a payment on the IRS website to minimize interest and penalties.