Oops how to correct a mailed paper tax return

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redrosepro
Posts: 10
Joined: Mon Feb 03, 2020 1:22 pm

Oops how to correct a mailed paper tax return

Post by redrosepro »

I am a non resident and I mailed my tax return T1, but after sending it I realized I made an incorrect calculation of cost basis that goes into Schedule 3.
Now how do I correct it please?
If I resend the corrcted returns, the CRA will get two on back to back days.
Or should I file a T1-adj already?
Or should I wait till they process it, find the error and then reply to me ?
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nelsona
Posts: 18659
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Re: Oops how to correct a mailed paper tax return

Post by nelsona »

You never refile a return. You file an amendment (104X) for IRS and a T1-ADJ for CRA.
They can figure it out.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
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