Hi everyone.
I am currently amending my 2010 tax return by claiming business expenses, thus lowering my 2010 adjusted gross income.
As a result, I am going to have to correct my (still unfiled) 2011 return. The corrected 2011 return will have to reflect my amended 2010 taxable income, adjusted gross income, and possibly other 2010 data of which I am not really aware. I have never done this before, I would appreciate if someone could indicate how much work will be required? I am not very tax savvy, I am using Turbotax, I am afraid that the easiest (but time-consuming) way is to start again my 2011 return from the beginning. On the other hand, maybe I can get away with just correcting the Tax History Report, the Two Year Comparison, and a couple of other worksheets.
I appreciate your help.