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Level 2
June 29, 2022
Question

Amended Return

  • June 29, 2022
  • 1 reply
  • 2 views

I received a corrected 1099 from our brokerage. I filed an amended return and am waiting for the federal government to process. The state processed it and gave me a small refund. Several days later I received a 2nd corrected 1099 from the brokerage and they adjusted ordinary and qualified dividends by $47.00 each. When I completed a new 1040x there was no tax due or no refund due. Do I need to file a 2nd amended return? Seems like its a waste of resources. 

    1 reply

    Critter-3
    Level 15
    June 30, 2022

    If the first change was no change then you didn't have to file the first amendment  and if this new change doesn't give you more of a refund then you don't have to file it either. 

    dnrcald3Author
    Level 2
    June 30, 2022

    Thanks very much. The first change according to the 1040x will eventually lead to a refund of $613.00. This 1040x has no refund due or tax owed. Just concerned if I had to send in another amended return.

    Critter-3
    Level 15
    June 30, 2022

    If the bottom line on the second 1040X didn't change then you do not need to file it.