LoanBeam does not accept, support, or read Amended Form 1040X Tax Documents.

Clients should only provide final 1040s.
 

If you have uploaded the FINAL 1040* and are still receiving an alert on the cover page, it is because the amended 1040x still exists in the uploaded documents (once an application is processed, documents cannot be removed).

• To resolve the alert on the cover page, please look to the right and find the column that says 'Resolved.'
• Click on the word "NO" and change it to "YES."
• This will cancel the missing items with a strike-through
• You can now move forward without any further manual adjustments since the final 1040 was provided

* The steps to confirm that you have uploaded the FINAL version of 1040 are available at the bottom of this article.

 

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If you have not uploaded the final 1040 and do not have one to provide (i.e., only the original and amended were uploaded), you must find out what income source was adjusted and make the changes using the Manual Override sections to the right of the Excel Worksheet. To do that - 

• Go to that particular income source tab
• On the right-hand side, you will find the Manual Override fields
• Adjust the appropriate years associated with the Tax documents uploaded (2024/2023 or 2023/2022).

 

 

 

 

                                                                 

 

 

 

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Please use the following steps to confirm that you have uploaded the FINAL version of 1040:

• Look at Line 1, Column C of the 1040X (column to the far right labeled CORRECT on the Amended return).
• Compare it to the ADJUSTED GROSS line on the FINAL version OF THE 1040 - Line # 11 for tax year 2023/2022. 
• If both numbers match, you have uploaded the FINAL version 1040, and LoanBeam has calculated the income based on that Final version, including the amended return changes.