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Filing an amendment for a 1099C

I received a 1099c after filing my taxes. I received my refund and I am trying to do my amendment. My 1099c is for 3,000. My tax bracket is 12% and I figured I'd owe 360. I'm trying to amend but it's showing me owing 900 instead. I'm confused and really don't understand if maybe I'm just doing it wrong.

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3 Replies
DaveF1006
Expert Alumni

Filing an amendment for a 1099C

To clarify, what was your refund/taxed owed on your original return?

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Filing an amendment for a 1099C

I didn't owe I got a refund of 6,000. Will that make the amount owed from adding a 1099c more?

JohnW152
Expert Alumni

Filing an amendment for a 1099C

No.

What was your taxable income (Line 15) and tax (Line 16) on your original Form 1040?

You can get a rough idea of your top tax rate by finding your taxable income in the tax table in 2021 Instruction 1040 TAX AND EARNED INCOME CREDIT TABLES.  

To do this, simply see how much the tax goes up for your filing status with a $100 increase in taxable income, and you’ll get an idea.

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