turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

rdnathan
New Member

Should I send an amended 1040-SR? I sent my 1040-SR on Turbo Tax to the IRS yesterday; today I found a Roth IRA I forgot to add. It won't affect my taxes, but IRS has it.

Will the IRS flag the 1040-SR for the error and possibly do an audit?
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies

Should I send an amended 1040-SR? I sent my 1040-SR on Turbo Tax to the IRS yesterday; today I found a Roth IRA I forgot to add. It won't affect my taxes, but IRS has it.

A Roth 1099-R or a Roth IRA contribution?

 

If a 1099-R and it does not affect the tax the  I would not bother with an amended return.  The IRS might detect it when they match in about a year of so and send a letter.  A simple explanation in response to the letter should be sufficient - they rarely send letters for no tax change errors.

 

 

  Roth contributions do not go on a tax return.


A Roth IRA contribution does not actually go on a tax return, but you can enter it anyway to:

1) Tell you if your income qualifies you for a contribution and warn you if it does not.
2) Check if your income exceeds the limit to contribute to a Roth.
3) Track your contribution year-to-year if you use TurboTax every year.
4) Add the Retirement Savers Credit if you qualify.

**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.**
rdnathan
New Member

Should I send an amended 1040-SR? I sent my 1040-SR on Turbo Tax to the IRS yesterday; today I found a Roth IRA I forgot to add. It won't affect my taxes, but IRS has it.

Thank you

 

DavidS127
Expert Alumni

Should I send an amended 1040-SR? I sent my 1040-SR on Turbo Tax to the IRS yesterday; today I found a Roth IRA I forgot to add. It won't affect my taxes, but IRS has it.

If you have a Roth distribution that does not impact the tax due in 2019, you do not need to file an amended tax return.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question