Need for Amended Return

DDW2014 — Mon, 04 Mar 2024 21:18:20 GMT

My Federal return was accepted last night by the IRS. Today, I received a corrected 1099-DIV which increased my qualified dividends by $49. Do I need to file an amended return and, if so, do I wait until my refund is received before filing the amended return?

Thank you.

Re: Need for Amended Return

DoninGA — Mon, 04 Mar 2024 21:22:58 GMT

Yes, wait for the tax refund to be issued before amending the tax return.

Re: Need for Amended Return

JohnB5677 — Mon, 04 Mar 2024 21:27:11 GMT

Yes, you should amend the return.

Yes, you should wait until you get your refund.

If you want to make changes, or add a document to a tax return that has already been submitted you should follow these guidelines.

You must first wait until the initial return is completely processed.
You will have to use the same TurboTax account that you used for the original tax return.
Once you begin your amendment, you'll see your original return.
- The refund calculator will start new at $0 and only reflect the changes in the refund or tax due
- Only make changes to the areas of your return that need amending.
You have three years from the date you filed your return or two years after you paid the tax due (whichever is later) to file an amendment

On the home screen, scroll down to Your tax returns & documents and
select the year you want to amend
Select Amend (change) return, then
Amend using TurboTax Online
1. If you're told to amend your return via TurboTax Desktop, follow the steps for TurboTax CD/Download below instead.
On the screen OK, let's get a kickstart on your amended return, select the reason(s) you're amending and Continue.
When you reach Here's the info for your amended federal return, select Start next to the info you need to change.
Continue through the screens, make the changes you need to make, and carefully answer the remaining questions to finish amending your return.

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Need for Amended Return

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Re: Need for Amended Return