IRA Excess Removal & TurboTax
Does anyone have experience with removing an excess and filing an amended return for 2008 when taxes were filed electronically?
Specifically:
Does TurboTax do “all the work” by asking the relevant questions and preparing printable forms (1040X and 5329?)
Thanks. Just preparing for this “painful task”.
pmk
Permalink Submitted by mk foss on Wed, 2009-09-30 20:35
Amended returns (Form 1040X) must always be filed on paper; it’s irrelevant whether the original return was filed electronically.
I’m not sure how Turbo Tax handles the 1040X, but since you know you need a 1040x, a 5329 and a corrected 1040-pg 1& 2 – you’ll know what’s missing if they do it wrong.