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Level 2
May 17, 2021
Question

Tax Year 2020: two different tax years

  • May 17, 2021
  • 1 reply
  • 7 views

Hi,

 

Can two tax years be filed in the same day?

 

Thank you

    1 reply

    Alumni - Champ
    May 17, 2021

    Only 2020 can be prepared online and efiled.  Earlier returns require that you purchase and install the TT desktop software for the applicable year, and file by mail.  See this for 2019, for example:

    TurboTax® 2019 Tax Software for Filing Past Years’ Taxes, Prior Year Tax Preparation (intuit.com)

     

    Also note that the Statute of Limitations to file for a 2017 refund expires today (May 17, 2021).

    Level 2
    May 17, 2021

    I am trying to file 2019 tax year and 2020 tax year.  If I have to mail the 2019 returns to the IRS, can I file the 2020 returns today electronically or do I need to wait until the 2019 have been accepted or processed before I can file my 2020 return?  Would I then need to file an extension for my 2020 tax year?

    Alumni - Champ
    May 17, 2021

    File for an extension for 2020.  There is no penalty if you are getting a refund.

    TurboTax® Easy Tax Extension, File a Free IRS Tax Extension for Federal Taxes (intuit.com)