I early filed 1040 and received a tax refund. I will file 1040X by the original deadline to report additional income. TurboTax is showing the reduced amount of refund on the bottom line, not the net balance I owe. Is that the correct way to do this?
02293
2 Replies
fanfare
Level 15
Mar 25, 2021 8:06:04 AM
if your refund is reduced, you will owe a check to the IRS.
review your 1040X form carefully before you submit it,
or you will have twice the problem.
tmgreenberg
Returning Member
Mar 25, 2021 11:19:34 AM
Where in Form 1040X and where in TurboTax do I enter the amount of tax refund I already received due to the previously filed tax return that I am now amending?