Questions about amending returns

Forum|Forum|5 years ago
March 6, 2021
2 replies
12 views

hi,

I have a few question about filing an amendment, and I'd appreciate if someone is willing to answer my questions.

1. I understand 1040X is the amendment form, but 1040X gets updated from time to time. For example, the latest1040X is slightly different from the 2017 version. When amending with old TT, it seems the TT uses the old version from the year that the TT software is associated to.

Am I supposed to use the latest version when amending an old return or is it OK to use the old version from the year the amendment is applied to ?

2. what should be included in the amended return ? The instruction says I should mail the amended return with supporting documents. Is 1099B considered a supporting document if I'm amending 1099B incomes ?

3. Do I need to sign on the forms other than 1040X ? For example, 1040 mailed with 1040X ?

Any helps are appreciated.

rcinco1

Level 2

When doing an amended return, it is always best to use the Turbo Tax software for the same tax year you want to amend. For example, if you are amending a 2017 return, you need to use Turbo Tax 2017 software for best results.

KathrynG3

Level 14

To answer each of your questions:

1. In general, amending 2017 requires using 2017 forms. TurboTax will use the correct Form 1040-X for 2017. The main purpose of Form 1040-X is to report what was originally filed, report the change, and report the changed amounts. See: How do I amend my 2017 TurboTax return?

2. If Form 1099-B is necessary, yes, include it because it is the reason for the amended return. See Instructions for Form 1040-X page 22, first column: Assemble any schedules and forms behind Form 1040-X in the order of the “Attachment Sequence No.” shown in the upper-right corner of the schedule or form. If you have supporting statements, arrange them in the same order as the schedules or forms they support and attach them last.

3. No. Form 1040-X instructions say only to sign Form 1040-X. It also states to not include the originally filed Form 1040. There would be no other forms requiring signature.

@_confused_

_confused_Author

Level 2

Hello, Kathryn.

Thank you for your reply.

As for #1, does it hurt if I use the latest version of 1040X ?

I went through the amendment process on TT and TT produced all the forms with the old version (2017 version) of 1040X. I'm concerned about that IRS rejects my amendment because 1040X is an old version.

What if I download the latest 1040X form from IRS website, manually fill the boxes to match the old 1040X TT produced, and send it with other forms ?