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I received 2 IRS refunds due to the $10,200 unemployment exemption. One from my original return and one from the Turbo Tax amended return. Do I add both when I file 2021?

The amended return refund does not mention or show the original refund before the new law went into affect. Should I add the two refunds together when I am prompted by TT indicating what my 2020 Federal refund was?
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Accepted Solutions
rjs
Level 15
Level 15

I received 2 IRS refunds due to the $10,200 unemployment exemption. One from my original return and one from the Turbo Tax amended return. Do I add both when I file 2021?

Yes, it would carry over the state refund, because in some cases that has to be reported as income on the next year's federal tax return.

 

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4 Replies
rjs
Level 15
Level 15

I received 2 IRS refunds due to the $10,200 unemployment exemption. One from my original return and one from the Turbo Tax amended return. Do I add both when I file 2021?

TurboTax will not ask how much your 2020 refund was. Your 2020 refund doesn't affect your 2021 tax return.

 

I received 2 IRS refunds due to the $10,200 unemployment exemption. One from my original return and one from the Turbo Tax amended return. Do I add both when I file 2021?

From what I remember it carries over a federal return amount and asks you if this is correct. 

I received 2 IRS refunds due to the $10,200 unemployment exemption. One from my original return and one from the Turbo Tax amended return. Do I add both when I file 2021?

Maybe you are correct. I think it carries over the state refund.

rjs
Level 15
Level 15

I received 2 IRS refunds due to the $10,200 unemployment exemption. One from my original return and one from the Turbo Tax amended return. Do I add both when I file 2021?

Yes, it would carry over the state refund, because in some cases that has to be reported as income on the next year's federal tax return.

 

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