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rstax56
Returning Member

corrected 1099

Schwab issued corrected 1099's for our muni bond accounts March26. Federal and NY state returns were accepted and filed March 1.

The only changes were on form1099-INT line 13 (bond premium on tax-exempt bonds). The amounts decreased by 666.58 and 833.22 on the two forms.

On Federal we used standard deduction and on NY we itemized deductions. (married joint filings)

As I see it the only change to make when we amend NY seems to be on form IT-196 line 44 (addition adjustments).  Am I correct?

Also it does not seem that we need to amend the Federal return. 

Thank you.

 

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1 Reply
ThomasM125
Expert Alumni

corrected 1099

It would be best to go through the amend return routine in TurboTax and enter your changes and see if your tax changes. If not, then you don't need to file the amended return.

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