Amended Tax return for 2024

[cmcrowley72]

I filed our 2024 tax return on April 13, 2025 paying $5423 in tax due.  I subsequently located  information on the original purchase date of a stock I sold in 2024.  When I have run the Amended Tax Return through Turbo Tax it shows I owe $5006 in tax, which I believe correctly reflects the added information I have provided.  

That is a reduction of $417 owing for my 2024 taxes.  If I submit the Amended Return showing I owe money, ($5006) how does the difference get handled?  Do I get a refund of $417?  Can I apply it to my taxes for 2025?  Will the IRS still think I have not paid my taxes for 2024?

Thanks for your clarification.

[VolvoGirl]

Has your return been Accepted? You need to wait for it to be fully processed and you get the first refund. Then you can Amend.  Did you start amending right?

How to Amend the current year
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-federal-tax-return-curr...

The amended return is only for the difference you get back. Like if you paid $500 tax due on the original return and with the changes you only would have owed $300 then you only get a $200 refund on the 1040X. But if the amended return would have changed your original tax due into a refund then you would get the amount you paid back plus the new refund.

Go by the actual 1040X. Line 18 should be your original refund amount and line 22 should be your additional refund. If you paid on your original return it will be on line 16. If there is an amount owed with the amendment, it will be on line 20.

Ignore any 1040V voucher that prints out and the new 1040. Those are what your return would have been if you had not needed to amend.