I filed my taxes in mid-April. I just found a 1099 for the sale of $10k of stock. Should I file 1040X now, or should I wait until they've processed my return?
- posted
14 years ago
When should I file an amended return?
Loading thread data ...
- Vote on answer
- posted
14 years ago
When you do get the notice, many many months will have gone by. If you had a gain on sale you will owe tax plus interest and penalty.
And you will have to supply Schedule D information at that time anyway.
Get it out of the way now and file an amended return and a new schedule D.
- Vote on answer
- posted
14 years ago
"NadCixelsyd" wrote
If you e-filed it, it's already been processed by now. If you paper filed it, it's in the pipeline and it'll be ahead of the amended return, so amend away.
- Vote on answer
- posted
14 years ago
Yeah, but... I'm going to owe an additional $1800. Can I wait until my refund of $3200 (which should have been $1400) arrives before I amend.
- Vote on answer
- posted
14 years ago
Sure you can wait. But the interest you will owe builds up daily.