I have bank account interest to declare from 2018 to 2021 - didnt realise it was accumulating. It would have made no difference to the tax returns for the respective years - interest is approximately @$200 a year but I had little income and no tax was due or would have been due had I declared the interest. Could I just add the total interest I missed to this years return?
02423
2 Replies
MinhT1
Employee Tax Expert
Mar 30, 2023 11:24:29 AM
No.
To report the interest you received from 2018 to 2021, you would have to amend your tax returns for those years.
However, if you are sure that by adding the interest, you would have no taxable income then you do not have to amend these returns.
mdd108
Level 2
Mar 30, 2023 1:05:24 PM
@MinhT1 Yes I am completely sure - my income was thousands below the standard deduction. thank you