How do I amend my 2024 tax return to correct Form 7203 Nondeductible Expenses?
Some TurboTax customers need to amend their federal taxes due to an error on Form 7203, nondeductible expenses.
If we notified you, we recommend you submit an amended federal tax return as soon as possible.
To correct your return, please follow the steps below:
Use TurboTax to amend your federal tax return.
Enter “TO CORRECT FORM 7203 NONDEDUCTIBLE EXPENSES” as the reason for amending.
Follow the instructions provided by TurboTax to efile the amended federal tax return. NOTE: The amended return should be filed, even though no tax is due, to correct the Form 7203 stock basis.
Save a copy of your amended federal tax return for your records.
If you have questions, call 844-333-2161 (Monday–Friday, 5 AM to 5 PM PT) to speak with an expert. Mention 2024 Form 7203 Nondeductible Expenses so they know what you’re calling about.
