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ellen-grew
New Member

I inherited an IRA, paid taxes up front, but filed before I received the 1099-R. What should I do?

 
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SherekaB
New Member

I inherited an IRA, paid taxes up front, but filed before I received the 1099-R. What should I do?

If your return has been Accepted you will need to Amend your return once you receive your refund. Nothing can be changed at this point. If the return happens to get rejected you can add your 1099-R.

Follow these steps to amend:https://ttlc.intuit.com/replies/3288565

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2 Replies
SherekaB
New Member

I inherited an IRA, paid taxes up front, but filed before I received the 1099-R. What should I do?

If your return has been Accepted you will need to Amend your return once you receive your refund. Nothing can be changed at this point. If the return happens to get rejected you can add your 1099-R.

Follow these steps to amend:https://ttlc.intuit.com/replies/3288565

macuser_22
Level 15

I inherited an IRA, paid taxes up front, but filed before I received the 1099-R. What should I do?

If you filed, it is like dropping it into the mail - you cannot get it back if accepted by the IRS or state.

2017 amend software will not be available until February.

To amend your 2017 tax return:

-- First, *wait* to see if your return has been accepted or rejected by the IRS or state. DO NOT do anything until you receive the accept or reject e-mail.

-- If rejected, you can correct and re-send your return.

-- If accepted you should *wait* until your return has been processed and you receive your refund or conformation that any tax due has been paid. (If you file an amended return while you first return is being processed it can cause extended delays for both returns if two returns are in the system at the same time). In addition, if the IRS makes any change on your original return, you might end up having to amend the amendment – a sticky process that can take a year or more).

-- Then you can start the amend process.

-- Amended returns can only be mailed - allow 8-12 weeks - can take up to 16 weeks (4 months) for processing.

See this TurboTax FAQ for help with amending:

<a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/1894381-how-to-amend-change-or-correct-a-return-you-already-filed"...>

You can check the status of your amended return here but allow 3 weeks after filing for it to show up:
<a rel="nofollow" target="_blank" href="https://www.irs.gov/filing/wheres-my-amended-return">https://www.irs.gov/filing/wheres-my-amended-re...>
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
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