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| "NadCixelsyd" <nadcixelsyd[at]aol.com> wrote - quote - > 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? 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. -- Paul Thomas, CPA Watkinsville, Georgia -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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| In article <a4bc9cba-cf45-4916-b3e6-12da36fb7901[at]z14g2000yqa.googlegroups.com> , NadCixelsyd <nadcixelsyd[at]aol.com> wrote: - quote - > 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? 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. -- ArtKamlet at a o l dot c o m Columbus OH K2PZH -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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| 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? -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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