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Returning Member
posted Mar 25, 2021 7:50:13 AM

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?

 

 

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2 Replies
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.

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?