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help, think I need a amended 1040
Old 11-22-2009, 10:47 AM   #1
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help, think I need a amended 1040

I got a notice(form CP2000) from the IRS stating that I've errors on my 2007 return, the errors were:
1. 2006 state refund omitted. (my mistake, I switched tax software and didn't check my return thoroughly)
2. I made 3 stock trades in 2007 and didn't provide the transaction details in schedule D now the IRS uses zero as the cost basis so now I have a $9k capital gain(wouldn't that be nice !) I don't recall giving every transaction details in the past but then I've made very few trades so my memory is sparse.

after a little googling, it looks like I need to file a 1040x and a corrected 1040. Do I need to attach all documentations(W2, etc) as well? any other pointers? thanks.

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Old 11-22-2009, 11:11 AM   #2
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If you used tax software for that return, it should have an option to file an amended return.

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Old 11-22-2009, 12:04 PM   #3
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Yes, I messed something up and called the IRS about 1040x. When they found out I had used TurboTax she said to pull the 1040x from Turbo Tax. It was really easy to correct the mistake and send in the new form.
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Old 11-22-2009, 12:12 PM   #4
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I had to file a 1040-X last year. I didn't reattach all the documents, only the forms and attachments that needed amending. (I had forgot a couple of 1099-R forms when I FIREd).

Here is a link that I used for tips:
1040X: Filing an Amended Tax Return Using IRS Form 1040X

Be sure to read the tip on page two under the heading:

The most important part of the entire Form 1040X is Part II

Good luck
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