I accidentally paid income taxes on an estate inheritance check I had received a year earlier than I was supposed to. What should I do?

[dawhitesoxkid-ya]

I had been receiving some inheritance payments each of the last 3 years from an estate of a relative who passed away. In March 2024 I received a Schedule K-1-T for the final payment I had received from that estate in January 2023. After looking at my 2023 tax return for 2022 it seems that I accidentally included that payment in my taxes for the year 2022. So I paid taxes on it last year when I was supposed to pay those taxes this year. What, if anything, should I do to make sure I don't run into any issues regarding this mistake?

[DianeW777]

First you should complete the 2023 return accurately including the income from your K1.  Next you should amend your 2022 return to remove the income that was included by accident. An amended return must be completed in TurboTax Desktop and mailed to the IRS and to your state.

Be sure to read all the instructions carefully, before you begin, so that TurboTax knows the original numbers and the changed numbers for your amendment.

• For tax years 2022, 2021, or 2020 - How do I file my 2022, 2021 or 2020 Tax Return?
• How to amend (change or correct) a return already filed?
• Accessing a prior-year return
• Amending a prior-year return