topic Re: Amend 2020 in After you file

Amend 2020

peterz — Tue, 30 Mar 2021 20:35:39 GMT

Amending a 2020 Tax Return does NOT work even though IRS has accepted my return! It looks like a software issue on TurboTax Desktop!!!!

Why not?

When will it work???

Re: Amend 2020

SweetieJean — Tue, 30 Mar 2021 23:34:02 GMT

Have you run a program update?

Re: Amend 2020

peterz — Wed, 31 Mar 2021 00:25:46 GMT

Of course...I contacted support and they were worthless. I've been using this for over 20 years, and can tell you I will not buy TurboTax again..absolutely a waste of over an hour on the phone with somebody who was talking or messaging somebody else

Re: Amend 2020

peterz — Wed, 31 Mar 2021 00:31:16 GMT

I made one veryyyy small mistake in the Recovery Rebate Credit. When I try and do an Amend it does not calculate the Schedule 1040-X correctly..not even sure the Amend a Return is working correctly, doesn't seem to be

Re: Amend 2020

peterz — Fri, 02 Apr 2021 14:57:37 GMT

No answers, no Replies...don't know what to do

Re: Amend 2020

DoninGA — Fri, 02 Apr 2021 15:03:33 GMT

@peterz wrote:

No answers, no Replies...don't know what to do

The IRS will adjust your 2020 federal tax return and will remove the incorrect credit on your federal tax refund.

There is no need to file an amended tax return.

Go to this IRS website for information on the Recovery Rebate Credit - https://www.irs.gov/newsroom/2020-recovery-rebate-credit-topic-g-correcting-issues-after-the-2020-tax-return-is-filed

Q G2. I made a mistake when calculating the 2020 Recovery Rebate Credit on my return. How do I fix it? (added March 1, 2021)

A2. DO NOT file an amended tax return with the IRS. If you entered an amount on line 30 but made a mistake in calculating the amount, the IRS will calculate the correct amount of the Recovery Rebate Credit, make the correction to your tax return and continue processing your return. If a correction is needed, there may be a slight delay in processing your return and the IRS will send you a notice explaining any change made