Federal 1040 Amend Instructions:

NOTE: If you used TurboTax CD/Download product to prepare and file your original return: Be sure to

update your product. Go to Online and click on Check for Update.

Open your 2011 Turbo Tax Federal return.

1) Go to Federal Taxes tab and click on Other Tax Situations

2) On the Other Tax Situations screen, scroll down to Other Tax Forms and click Start button next

to Amend a Return.

3) On the We’ll Guide You Through Your Amended Return screen, click Continue.

4) On the Have You Already Filed This Return? screen, indicate both “Yes, I need to amend a

return I already filed” and “I was contacted by TurboTax and told I may need to amend a

return.”

5) On the” Let’s Make Sure You’re Ready to Amend Your Return” screen, answer the questions

and click Continue.

6) Answer the question on the “Have You Made Any Change to the Returns You Filed?” screen

and click Continue.

7) On the “Tell Us Why You Need to Amend Your Return” screen, indicate “I need to amend for

another reason or multiple reasons.”

8) Enter the following reason for amending and click Continue.

“The original federal return

did not include 2010 AMT capital loss carryover amounts on Schedule D. This

amended return includes the correct 2010 AMT capital loss carryover amounts on the

Schedule D ”

9) If you see the Last Chance to Save Your Original Returns screen, read the instructions and click

Continue.

10) On the Tell Us Which Returns You Want to Amend screen, choose “I want to amend both…”

and click Continue.

11) On the Tell Us About the Tax Due on Your Original Federal Return screen, answer the questions

and click Continue.

12) If you owed money on your original State return, you will see a similar screen for your state.

This screen is showing Alabama as the state. Answer the questions and click Continue.

13) The next screen will tell you about your amended federal return. Read the screen and click

Continue.

It’s time now to make changes for your amended return.

1) Open your 2011 TurboTax return.

2) Go to Federal Taxes tab and click on Wages & Income

3) On the Your 2011 Income Summary screen, scroll down to the Investment Income section and

click on the Start button next to “Capital Loss Carryover”.

4) On the Do You Have a Capital Loss Carryover from 2010? screen, choose “Yes, I want to enter a

capital loss carryover from 2010.”, and click Continue.

5) Then answer the questions on the Capital Loss Carryover Differences for AMT? screen, and click

Continue.

NOTE: Click the links in each question for additional guidance.

6) On the Determining Your AMT Capital Loss Carryover screen, type in your Schedule D AMT

amounts in each box as directed. Be sure to click Continue.

If you are amending a state return, you will now go to your state return and answer a few more

questions. NEED LINK TO STATE AMEND

Now it’s time to print and mail your amended state return. Note: You cannot electronically file an amended tax return.

Follow these steps:

1) Go to the Print & File tab and click on Print/Save for Your Records.

2) On the Print and Save Center, click on Print Returns

3) On the Print screen:

a. Choose All official forms required for filing

b. Be sure the box for 2011 Federal tax return is checked.

c. If you are amending a state return, be sure the box for your state return is checked.

Note: If you are NOT amending your state return, uncheck the box for that state.

4) Click Print button

5) The forms to mail will print.

6) The instructions will indicate any balance due(s) that you need to pay or refund(s) that you will

receive. It will also include the address to mail your amended return(s).

7) Be sure to print out an extra copy to keep for your files.