May be a timeline view might be better to explain my scenario.
2021 August 23:
Receiveda refund check for an amount considerably less than what we were expecting. Status of 1040X says 'Adjusted'. When we checked the IRS Account transcript, it is evident that only UI adjustment was done (Reduced AGI exactly by $10,200). Capital gain adjustment is NOT accounted.
Questions:
@NewYorkTaxpayer Thanks for sharing your experience! Is this roughly in line with your fiancé's experience? At least from the 1040X status perspective, it looks that way. Can you please comment?
CORRECT
WAIT ... amended returns are taking 4 to 6 months to process AFTER the IRS makes the change for the unemployment exclusion.
CORRECT
WAIT ... amended returns are taking 4 to 6 months to process AFTER the IRS makes the change for the unemployment exclusion.