Is there a difference doing it before or after filing this years taxes?
only if amending the prior return would have an effect on this year's return.
Hi, thank you for the response!
Amending last year’s tax return is going to make me owe taxes (I got more refund than I was supposed to) so I’m going to have to pay. I’m removing a “line of work” because of the issue that I mentioned here: https://ttlc.intuit.com/community/after-you-file/discussion/last-year-i-li[product key removed]sition-as-a-line-of-work-and-listed-expenses-related-to-it-should-i/01/2437779#M614039
I’m gonna put check inside the amended return and won’t add music composition as a line of work. In this case, there wouldn’t be any effect, right?
You will not be reporting any income, expenses or carryovers related to the music composition line of work on the 2021 Federal tax return.
So amending the 2020 Federal tax return should not affect the 2021 Federal tax return.