Refund amount changed after filing

Forum|Forum|2 years ago
March 26, 2024
1 reply
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Hi. Any feedback will be much appreciated.

I e-filed on March 6 and IRS accepted my return with a specified refund amount.

Today, I opened TurboTax and as always did some updates to the program. Once I opened it, the refud amount decreased by around $1,400. I opened the forms and went line by line comparing to the PDF file from the e-file and noticed that the "depreciation deduction" was lowered on some of my rental properties.

Any idea as to why this happened?

PatriciaV

Level 15

If you saved a PDF of your return when you e-filed, you may be able to pinpoint the actual changes by comparing that copy to the current numbers. Your best option is to compare the Depreciation Report to see which assets had changes, then go to the Asset Worksheets for those assets to see what depreciation settings changed.

Unfortunately, without a copy of the TurboTax forms as filed, it may be difficult to know what actually changed.

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adolfo-lozanoAuthor

Level 2

Thank you for your reply.
That’s what I did. The question is, why did the depreciation deduction amounts change after I filed? I filed my taxes first week of March.

PatriciaV

Level 15

Please clarify which version of TurboTax you are using: Online or Desktop? Windows or Mac? If Online, which browser? And please specify what updates were made when you opened TurboTax after you had e-filed.

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