2023 1040x corrected

Forum|Forum|2 years ago
March 21, 2024
1 reply
11 views

I have to file 2023 corrected 1040x for a client that just received a new brokerage statement that they were not aware of. I efiled the original return a couple of weeks ago and it was accepted. Can I E-file the 1040x? How long do you think I should wait? Thanks

ProSeries Professional

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Best answer by sjrcpa

Yes you can efile it. Don't know about PA.

That's an after April 15 project in my book.

How much changed? Sometimes I'll tell the client I'll have to charge you more than it's worth to amend the return. If they send you a bill for $xx, pay it. Or if it would be a small refund, tough cookies.

EDIT: I read too fast. Now I see you said it is a new account, not a corrected 1099.

sjrcpaAnswer

Level 15

Yes you can efile it. Don't know about PA.

That's an after April 15 project in my book.

How much changed? Sometimes I'll tell the client I'll have to charge you more than it's worth to amend the return. If they send you a bill for $xx, pay it. Or if it would be a small refund, tough cookies.

EDIT: I read too fast. Now I see you said it is a new account, not a corrected 1099.

The more I know the more I don’t know.

BobKamman

Level 15

@sjrcpa What difference does it make, between a corrected 1099 and a new one? Either way, could be zero or little change in tax owed.

I'm finding some clients don't remember that they started the year with Ameritrade and ended it with Schwab.

Cardinal rule: Don't amend until you receive the refund from the original return.

PATAXAuthor

Level 12

Thanks Bob. She had no refund and no payment due on the original return. But I think I'm going to wait a little while anyways.

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