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? Thank you
04523
1 Best answer
rjs
Level 15
Jan 5, 2022 9:37:23 AM
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.
4 Replies
rjs
Level 15
Jan 5, 2022 9:26:16 AM
TurboTax will not ask how much your 2020 refund was. Your 2020 refund doesn't affect your 2021 tax return.
tonybaby5
Level 2
Jan 5, 2022 9:29:18 AM
From what I remember it carries over a federal return amount and asks you if this is correct.
tonybaby5
Level 2
Jan 5, 2022 9:31:13 AM
Maybe you are correct. I think it carries over the state refund.
rjs
Level 15
Jan 5, 2022 9:37:23 AM
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.