If you want to make changes after the original tax return has been filed, you must file an amended tax return using a special form called the 1040X, entering the corrected information and explaining why you are changing what was reported on your original return. You don’t have to redo your entire return, either.

Do I need to amend my tax return for a small amount?

You don’t need to file an amended return if you discover a simple math or clerical error on your return. The IRS can correct those types of mistakes on its own. An amended return isn’t necessary if you forgot to attach a certain form or schedule to your return, either.

Do you need to amend your federal tax return?

If you amend your federal income tax return, you’ll likely also need to file an amended tax return with your state. Each state has its own form to amend a tax return.

How long does it take to file an amended tax return?

Amended returns take up to 16 weeks to process. You will receive any additional refund you are owed. Amending to pay additional tax. If you’re filing an amended tax return because you owe more tax, you should file Form 1040X and pay the tax as soon as possible.

How to cancel an amended federal tax file?

In the left menu, select Federal Taxes > Other Tax Situations > scroll down to Other Tax Forms > then select Start or Revisit next to Amend a Return. Select Continue on the following screen ( We’ll help you amend) and then answer No, I don’t need to amend to the question Have you already filed this return?

Do you need to file an amended tax return in TurboTax?

Updating your capital gains and losses will require Form 8949 and Schedule D, and so on. You can also prepare your amended return in TurboTax. To do this, you need to use the version of TurboTax that applies to the tax year you need to amend. For example, if you need to amend your 2019 tax return, you need to use the 2019 version of TurboTax.