Got Refund But Amended

Forum|Forum|4 years ago
March 15, 2022
9 replies
62 views

Okay so my husband and I tried filing together this year but found some mistakes and decided to amend and file separately. When we filed the first time, we put my bank account info for our refund to be sent to. We amended and my husband put his bank account on his individual return and I put my bank account on my return. My question now is how does the money work? I know normally they don’t take the money back from you, but I got the entire payment from our first return before we amended.So should I send my husband his half of the return or do I just hold onto it for now?

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Best answer by KrisD15

In this link item #7 says that: Have your spouse create a new return for themselves, if they're also filing this year

https://ttlc.intuit.com/questions/2895311-how-do-i-switch-from-filing-jointly-to-filing-separately

But you said that the spouse should also make an 1099-X. I'm going to file an Amended return now. I will make the 1099-X, but should my spouse make a1099-X or a new return, not a1099-X?

To switch from filing Married Filing Jointly to Married Filing Separately (which must be done before the tax filing due date):

The person listed first on the original Married Filing Jointly federal return will need to file an amended federal return (1040X) and change their filing status to Married Filing Separately.

The person listed second will file their own original federal return filing Married Filing Separately. The secondary Taxpayer needn't file an amended return for this since it is as if they had never filed once the primary Taxpayer amends.

@mvftwtt

xmasbaby0

Level 15

The IRS does not make direct deposits for refunds when you amend a tax return. They will only mail a check. So entering your banking information for an amended return is not necessary.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

iamconfusedAuthor

Level 2

Oh okay. They asked for it so we just entered it. But what would I do with the money I already have then?

xmasbaby0

Level 15

Any additional refund you receive from amending is separate from the refund you already received. How you and your spouse share the "already received" refund is up to the two of you as a married couple.