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New Member
posted Apr 5, 2024 5:43:27 AM

Filed 2023 return, accepted, set up bank draft for tax due. Filed amended return a week later, lowering amount due. How is original debit handled...cancelled?

Amended return resulted in lower tax liability but I cannot find place to cancel original bank draft.  Form 1040-V printed to send check for overall tax liability.

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1 Replies
Expert Alumni
Apr 5, 2024 5:46:51 AM

You should have waited to file your amendment until your original return was completely processed. The original debit will still take place. You will now have to wait for the IRS to reconcile everything and refund any difference.

 

If you want to make changes or add a document to a tax return that has already been submitted, you should follow these guidelines. 

  • You must first wait until the initial return is completely processed. 
  • You will have to use the same TurboTax account that you used for the original tax return. 
  • Once you begin your amendment, you'll see your original return.  
  • The refund calculator will start new at $0 and only reflect the changes in the refund or tax due 
  • Only make changes to the areas of your return that need amending. 
  • You have three years from the date you filed your return or two years after you paid the tax due (whichever is later) to file an amendment 

Select your product below and follow the instructions. 

Amend TurboTax Online 

Amend TurboTax CD/Download