Question

Do I need to amend tax return to add a 1099-S (and how?) ?

Forum|Forum|1 year ago
March 29, 2025
1 reply
0 views

I neglected to add a 1099-S to my 2024 tax return. The return was filed via TurboTax, has already been accepted, and I've received a small refund. The 1099-S is for sale of unimproved land, originally bought around 2005. I did NOT make any profit. The IRS website states I don't need to amend my return... "if we: Accept your return without certain forms or schedules or ask you to send them." So apparently IRS accepted my return without the 1099-S, but I'm still unsure of this; maybe they'll ask for it later? Can I file a paper amended return and mail it to IRS? If I file an amended through TurboTax, they're requiring me to upgrade to Premium for $$$. Thank you in advance for any advice.

TurboTax Basic Online

DoninGA

A Form 1099-S is not reported on a tax return. The proceeds shown on the 1099-S are entered when you are reporting the type of sale that was made.

T

TaxedBeyondWordsAuthor

Question(s) still stand(s). I'll improve my wording: I failed to add the Gross Proceeds shown on a 1099-S on my 2024 tax return. I did not make any profit (unimproved land), so the bottom line doesn't change. IRS website states I don't need to amend my return... "if we: Accept your return without certain forms or schedules or ask you to send them." IRS accepted my return without the 1099-S, but I'm still unsure; maybe they'll ask for it later? Can I file a paper amended return and mail it to IRS? (If I file an amended through TurboTax, they're requiring an upgrade to Premium for $$$.) My original return was filed via TurboTax, accepted, and refund received.