turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

So I E filed around the 1/25/2023 and it got accepted however o barley record a 1099-INT receipt for my savings and checking account. How can I report it now?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
HopeS
Expert Alumni

So I E filed around the 1/25/2023 and it got accepted however o barley record a 1099-INT receipt for my savings and checking account. How can I report it now?

 Since the original return was already processed by the IRS you can complete a Form 1040X.  The finalized form and instructions are expected to be available from the IRS by February 23, 2023. To amend your tax return to add additional interest or dividend income, you'll likely need a copy of Schedule B.

 

To Amend

  • Use the same TurboTax account you used to file your original return
  • Once you begin your amendment, you'll see your original return. Only make changes to the areas of your return that need amending. The refund calculator will start new at $0 and only reflect the changes in the refund or tax due
  • Any changes you make to amend your federal return will automatically be transferred over to your state return

Here's what you need to know about filing an amended tax return

 

There are times when you should amend your return and times when you shouldn't. Here are some common situations that call for an amendment:

  • You realized you missed out on claiming a tax deduction or credit.
  • You accidentally claimed the wrong tax filing status.
  • You need to add or remove a dependent.
  • You forgot to claim taxable income on your tax return.
  • You realize you claimed an expense, deduction, or credit that you weren't eligible to claim.

You usually don't need to file an amended return if you discover math or clerical errors on a recently filed tax return. The IRS will often correct those types of mistakes on its own and, if necessary, send you a bill for the additional tax due or a refund if the error was in your favor.

Before filing an amended return, make sure the IRS has already processed the tax return you need to amend. That way, it will be less likely that the IRS will get your original return and amended return mixed up. If you've already received your tax refund, then you know the IRS has already processed your return.

You can check back using this link for updates.

 

How to Amend 2022 Return.

 

Additional Guidance on Form 1040X is included in the link below:

 

How to Amend

 

@lildickboy 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

2 Replies
HopeS
Expert Alumni

So I E filed around the 1/25/2023 and it got accepted however o barley record a 1099-INT receipt for my savings and checking account. How can I report it now?

 Since the original return was already processed by the IRS you can complete a Form 1040X.  The finalized form and instructions are expected to be available from the IRS by February 23, 2023. To amend your tax return to add additional interest or dividend income, you'll likely need a copy of Schedule B.

 

To Amend

  • Use the same TurboTax account you used to file your original return
  • Once you begin your amendment, you'll see your original return. Only make changes to the areas of your return that need amending. The refund calculator will start new at $0 and only reflect the changes in the refund or tax due
  • Any changes you make to amend your federal return will automatically be transferred over to your state return

Here's what you need to know about filing an amended tax return

 

There are times when you should amend your return and times when you shouldn't. Here are some common situations that call for an amendment:

  • You realized you missed out on claiming a tax deduction or credit.
  • You accidentally claimed the wrong tax filing status.
  • You need to add or remove a dependent.
  • You forgot to claim taxable income on your tax return.
  • You realize you claimed an expense, deduction, or credit that you weren't eligible to claim.

You usually don't need to file an amended return if you discover math or clerical errors on a recently filed tax return. The IRS will often correct those types of mistakes on its own and, if necessary, send you a bill for the additional tax due or a refund if the error was in your favor.

Before filing an amended return, make sure the IRS has already processed the tax return you need to amend. That way, it will be less likely that the IRS will get your original return and amended return mixed up. If you've already received your tax refund, then you know the IRS has already processed your return.

You can check back using this link for updates.

 

How to Amend 2022 Return.

 

Additional Guidance on Form 1040X is included in the link below:

 

How to Amend

 

@lildickboy 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

So I E filed around the 1/25/2023 and it got accepted however o barley record a 1099-INT receipt for my savings and checking account. How can I report it now?

Thank you

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question