I forgot to report 2005 mortgage interest, will an amendment help me?

Question

I understand that I can file a form 1040X to amend the mistake, but is it too late to actually receive any benefit now that it's January 2006?

Answer 1

You have three years from the original filing dealine to send in amended returns. So...anytime in the next 2 and a half years is just fine!

Answer 2

You can file the amendment. I think you have like 7 years to do this.