2348432
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes - One Big Beautiful Bill on Aug 6! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

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

jraice
Returning Member

Amended return not showing changed form (6251)

I am trying to amend my federal tax return to adjust the FMV on form 6251. I have completed the change in the online portal, but the preview of my amended return's 1040-X does not include the updated form. There will be no difference in tax due from this change, however I want to ensure I have the correct/updated form for future use (sale of the stock).

 

Am I doing something wrong? If I submit the e-amend, will I get the updated form?

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.

2 Replies

Amended return not showing changed form (6251)

If there are no changes to the return on a 1040X do NOT file it ... it will just be ignored.   Correct the FMV on a future return where it will make a difference. 

jraice
Returning Member

Amended return not showing changed form (6251)

Thank you. It seems I shouldn't even have had a 6251 after all. I noticed my 2019 return had the 6251 worksheet while 2020 did not (exercised ISOs in each year, but no AMT was due) but seems neither had the actual 6251 itself.

 

So perhaps in that case, the 1st time the IRS will formally get FMV data from me is when I sell these shares, and there won't be info in past returns that would conflict.

 

Yippee! 

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