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Leemar63
New Member

I need to ask a turbo tax employee a question

I e-filed my taxes last week, I totally forgot I sold stock last year and forgot to report 58.00 .What do I do ?

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1 Best answer

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pk
Level 15
Level 15

I need to ask a turbo tax employee a question

a return that has been e-filed and  already accepted, cannot be changed.  If you missed reporting an income item, your options are  (a) after your  field return has been processed and refund issued , you file an amended return--1040-X --paperfile and reconcile your income and  taxes thereon OR you can wait till IRS discovers the issue and send you a bill  ( and  probably charge interest.  Personally I would suggest filing an amended return after you are sure that your return has been processed -- usually about 4 weeks from iniital acceptance ( to process )

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1 Reply
pk
Level 15
Level 15

I need to ask a turbo tax employee a question

a return that has been e-filed and  already accepted, cannot be changed.  If you missed reporting an income item, your options are  (a) after your  field return has been processed and refund issued , you file an amended return--1040-X --paperfile and reconcile your income and  taxes thereon OR you can wait till IRS discovers the issue and send you a bill  ( and  probably charge interest.  Personally I would suggest filing an amended return after you are sure that your return has been processed -- usually about 4 weeks from iniital acceptance ( to process )

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