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New Member
posted Jun 4, 2019 10:17:34 PM

I ammended with 4188.00 to my return with an unexpected 1099-c. I now owe $1050.00 more on federal and 294.00 on state. Does this sound like the normal amount?

I originally received a large refund. This seems like too much.

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1 Best answer
New Member
Jun 4, 2019 10:17:35 PM

You are still receiving your original refund amount.  The net of the original refund and the amount you owe now is what your original refund/amount owed would have been if the 1099-C was included in your original e-file.

Not knowing anything about your filing status, income level, etc.; I can only speculate about the tax amount.  The amount you now owe is approximately 25% of the income you added.  But there could be other factors that are affecting your return.  For instance, if you had the Child Care Credit and/or Earned Income Credit, those credit amounts could have decreased due to the increase in your income.


1 Replies
New Member
Jun 4, 2019 10:17:35 PM

You are still receiving your original refund amount.  The net of the original refund and the amount you owe now is what your original refund/amount owed would have been if the 1099-C was included in your original e-file.

Not knowing anything about your filing status, income level, etc.; I can only speculate about the tax amount.  The amount you now owe is approximately 25% of the income you added.  But there could be other factors that are affecting your return.  For instance, if you had the Child Care Credit and/or Earned Income Credit, those credit amounts could have decreased due to the increase in your income.