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How do I amend my return to correct a Form 8615 Schedule D federal tax overpayment?

SOLVEDby TurboTax16Updated December 21, 2021

Because of an error in a TurboTax calculation, you have overpaid the income tax on your 2020 Federal tax return.  

We fixed the issue in TurboTax, and we want to make sure your federal tax return is complete and accurate. We recommend that you check and, if necessary, amend your federal tax return to determine if any additional refund is due. There are no additional fees for checking your TurboTax return or for preparing an amendment.

We continuously strive to provide correct and accurate calculations in our TurboTax products. Sometimes that effort results in our finding errors after returns have been filed. We sincerely apologize for any inconvenience this may cause you. If you need our help, we’ve provided contact information at the bottom of this letter.

To determine if you are entitled to an additional refund, open your TurboTax account where you prepared your tax return. If your refund/balance due amount has changed, we recommend you amend your tax return.

To amend your return in TurboTax, follow the step-by-step instructions here:

  1. Write down the original refund or balance due amount(s) for your Federal and State, if applicable, income taxes. We recommend you check the paper/PDF copy of your return(s), or your banking records to verify the correct amount.
  2. Launch TurboTax and open your 2020 return.
    • NOTE: Check your refund/balance due on your federal return:
      • If the amount is the same as you wrote down in step 1, Federal Form 8615 was calculated correctly and no amendment is needed. You may stop here.
      • If the amount is different then you wrote down in step 1, check your refund/balance due on the state return. If the amount is the same, you do not need to amend your state return. If the amount is different, you will need to amend your state return as well.
  3. Before you make any changes, select File and Save As... then add Amended 2020 return to the file name to preserve your original return.
  4. Select Online and Check for Updates. Allow the program to update if any are available.
  5. Select the Federal Taxes tab, (Personal tab if you’re using Home & Business), and then select Other Tax Situations. You may be asked to answer a few preliminary questions before you see a list of categories. Scroll down to Other Tax Forms select Start next to Amend a Return.
  6. On the We’ll help you change (amend) your return screen, select Continue. Then on the Did you already file your return? screen select Yes, I have already filed my return. Then select I was contacted by TurboTax and told I may need to amend for some other reason, then select Continue.
  7. On the Tell us which returns you want to amend screen, choose:
    1. I want to amend both my Federal and state returns, if applicable. OR
    2. I want to amend only my federal or only my state return, then check Amend my federal return.
      1. Then Continue. Your federal and state, if applicable, refund/balance due tracker will usually reset to $0. This is normal.
  8. On the What do you need to change on your return? screen, scroll down to the bottom and select Done.
  9. If you received unemployment, you will be asked Did you get an extra refund after you filed? select Yes or No, then Continue.
    • NOTE: If you received the extra refund, enter the extra amount you received
  10. On the Do you still receive your mail at this address?, select Yes or No, update your address, if applicable, then select Continue.
  11. On the Presidential Election Campaign, select Yes or No then select Continue.
  12. On the Special Situations on Your Amended Return, select Continue.
  13. On the Why did you need to amend your return? enter TO CORRECT FORM 8615, then select Continue.
  14. On the Let’s make sure your taxes are correct, select Continue. Review any final warnings and fix any errors. If you make any changes at this stage, be sure to run Smart Check again, until there are no new warnings to fix then select Done.
  15. Follow the TurboTax instructions to amend your state return.
  16. On the Run Smart Check Again, select Done.
  17. Print and Save the amended return.
  18. Once your tax return has printed, you need to sign, date and mail the amended return. The mailing address and refund/balance due are included on the File by Mail Instructions for your 2020 Federal Amended Tax Return and 2020 State Amended Tax Return, if applicable. Don’t forget to save a copy for your records.
  1. Write down the original refund or balance due amount(s) for your Federal and State, if applicable, income taxes. We recommend you check the paper/PDF copy of your return(s), or your banking records to verify the correct amount.
  2. Log in to the TurboTax account where you prepared your 2020 return.
  3. In Tax Home, scroll down to Your tax returns & documents, and choose 2020. Select Amend (change) return and then select Amend Using TurboTax Online.
    • NOTE: Check your refund/balance due on your federal return:
      1. If the amount is the same as you wrote down in step 1, Federal Form 8615 was calculated correctly and no amendment is needed. You may stop here.
      2. If the amount is different then you wrote down in step 1, check your refund/balance due on the state return. If the amount is the same, you do not need to amend your state return. If the amount is different, you will need to amend your state return as well.
  4. On the Before you get started, let’s make sure you need to amend screen, select Continue to amend.
  5. On the OK, let’s get a kickstart on your 2020 amended return screen, choose TurboTax sent me an email, then Continue.
  6. On the What did we contact you about? screen, choose Something else then Continue.
  7. On the Tell us which 2020 return(s) you want to amend screen, choose:
    1. 2020 Federal return and 2020 State Return. if the state refund/balance due was different and Continue. OR
    2. 2020 Federal return, then Continue.
  8. On the Here’s the info for your amended federal return screen, scroll down to the bottom and select Done.
  9. On the Tell us why you’re amending your return screen, enter TO CORRECT FORM 8615, then Continue.
  10. On the Let’s confirm your mailing address screen, confirm the address then select Continue.
  11. On the Do you want to designate $3 to a presidential campaign fund? screen, make your selection, then Continue.
  12. On the Do any of these less common situations apply to you? screen, select Continue then Continue again.
  13. Follow the TurboTax instructions to amend your state return, if applicable.
  14. On the Let’s Make Sure You’re Ready to Review screen, select Yes, I’ve entered everything and let’s review, then Continue.
  15. On the Smart Check Results screen, select Continue then Continue again.
  16. On the Let’s comb through your returns one last time with completecheck screen, choose Check My Info. Review any final warnings and fix any errors. If you make any changes at this stage, be sure to run completecheck again, until there are no new warnings to fix. Then Continue.
    • NOTE: You will receive a warning that We Won’t Be Able to E-file Your Return. This is normal.
  17. On the We still save a couple of things to button up screen, select Continue. You will see a screen with your amended return results. Select Continue.
  18. Print and Save the amended return.
  19. Once your tax return has printed, you need to sign, date and mail the amended return. The mailing address and refund/balance due are included on the File by Mail Instructions for your 2020 Federal Amended Tax Return and 2020 State Amended Tax Return, if applicable. Don’t forget to save a copy for your records.

We’re here to help if you have questions or need assistance. You can call us at (866) 278-9691 to reach a tax expert who is prepared to assist you with this issue. Tell the expert you’re calling about: 2020 Form 8615 Schedule D Worksheet.

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