I somehow received two separate transactions from IRS after filing

[Tippolas]

Hello all,

So I messed up while filing my tax return and entered a value as a negative when it should have been positive. The IRS accepted the incorrect filing and after realizing my error I went back and amended my return.

The first return showed a refund of 1.7k and the amended return showed that I owed 4.8k. Well upon checking my bank account I see a deposit of 1.7k and debit of 4.8k from the IRS.

What do I do now? I feel like this is going to end poorly for me and I'm quite nervous about it all.

TIA!

[Critter-3 · Accepted solution]

On the amended return  did it not report the original refund on line 18 ?    If so the amended return should be correct ... review it carefully ...

Look at the form 1040X …

Column A should have the figures from the original return, Column C the corrected figures and Column B the differences between the other 2 which needs an explanation on page 2 of the form 1040X.

If you completed it correctly you will see an entry on either line 16 OR 18:

On line 16 should be the amount you paid with your original return. If you paid nothing already then this line should be zero.

On line 18 should be the amount of your original refund you received.  If you have not received your refund yet then you need to wait for it.  If the refund changes from what you expected then this line must reflect that change.

Then you will see your extra refund on line 22 OR  the new balance due you need to pay on line 20.

[Tippolas]

Thank you so much for this clarification! It does indeed look like the amended return included the accidental 1.7k so I should be all good!

Really appreciate the time you spent on your response.