You will have to amend your return, in order to report the new income and any new withholding. Please see the following:
If you have
already filed your return, you will
have to do the following:
- Wait until your original
return has finished being processed by the IRS. How will
you know? Well, if you are due a refund, then when you receive
it, you know they are finished processing. If you are not due
a refund, then wait at least at least 3 weeks to make sure
that they are finished with it.
-
Amend your return
through TurboTax, adding the new 1099-R information. For more information
on the amendment process, please see the following:
Please see this video from TurboTax explaining the amendment process if
you want to do it yourself - https://turbotax.intuit.com/tax-tools/tax-tips/IRS-Tax-Return/Video--How-to-Amend-Taxes-That-Are-Alr...
If you want to do the amendment through TurboTax, please read
the article at this link - https://turbotax.intuit.com/tax-tools/tax-tips/IRS-Tax-Return/Amending-Your-Income-Tax-Return/INF120...
Normally, you would reopen the return and indicate that you want to amend the
return, and then proceed through the interview.
Note: since most state returns are dependent on numbers from the
federal return, if you have one or more state returns, you will probably have
to amend the state returns as well.
