We received a corrected 1098 after we filed our 2017 taxes. Do we have to file an amended tax return? Yes, it will give us more money back, but do we have to?
You are under no obligation to file an amended return. If you choose not to go through the motions to get the additional refund, that is fine. Frankly, we often counsel clients that the cost to amend a return isn’t worth the refund they’ll receive.
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Answered by: Susan D. Jarvis, CPA, is a sole practitioner in Nazareth, Pa.