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Level 2
March 26, 2020
Question

Amended return Refund different on cover sheet and in turbotax than on the actual form.

  • March 26, 2020
  • 6 replies
  • 36 views

We filed our original federal form owed and paid $253.00 The IRS accepted it. I decided to deposit $7000.00 into my IRA before the deadline and amend the return which changed it to a federal refund of $1570.00 at the top of turbotax and its also on the cover sheet. When looking at the actual federal form it shows a refund of $1240.00 I don't know what to do now. If it's supposed to be one or the other? Thanks! for any help... Nick

 

    6 replies

    mail-isAuthor
    Level 2
    March 26, 2020

    Ok looking at the 1040 X amended return the correct amount is on that form, but there is also a second plain1040 form following the 1040 X in the packet with the $1240.00 refund amount on it. That is the one that confused me. What is that for? Does it have to be signed, or just sign the 1040 X? I don't understand why the second one is there or what it is for.. It has the $7000.00 deposit on it too... Thanks! for any help... Nick

    JohnB5677
    Level 15
    March 26, 2020

    The 1040X probably will be different from the refund amount. 

    • The 1040X represents the tax return combining both the original and amended tax return.
    • The refund amount represents only the changes that occured after you started the amended return.
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    mail-isAuthor
    Level 2
    March 26, 2020

    Thank you!, When I printed it out a second plain1040 is in there after the 1040x There are signature places on both. Do I just sign the 1040x or both? Thanks!.. Nick