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You will still get the first original full refund (and keep it) or need to pay the first tax due. You should not amend or change your return until you get the refund from the original return or your payment has cleared.
The amended return will only be the difference you get back or need to pay. You can confirm this by printing your amendment and looking at the 1040X. Line 18 should be your original refund amount and line 21 should be your additional refund. If you paid on your original return it will be on line 16 (but don't include any penalty on 1040 line 38). If there is an amount owed with the amendment, it will be on line 20.
Ignore any 1040V voucher that prints out and the new 1040. Those are what your return would have been if you had not needed to amend.
The amount you owe (if you owe), and need to pay is on Line 20 of Form 1040-X. If the amount on line 20 is $0 and there is an amount on line 21 you are due a refund. Be sure all of your payment information on lines 12 through 17 are correct. For additional information click on the following link for the IRS Instructions for Form 1040-X: Form 1040-X Instructions
Thank you so much DavidD66 for your reply. So disregard all the other lines that says I owe. Just confirming because all this was generated through TurboTax.
- Form 1040, line 37 says an amount owed
- Form 140, line 80 shows another amount owed
- Form 140v has an amount owed too
Do I should just disregard those and only pay what’s on line 20 on form 1040x?
P.S I had mailed in the form with a check for the amount on lines 37 so it means I will owe the difference as line 20 had a much larger amount owing. How do I go about fixing this? Will the IRS pull from my bank account the difference or will they send me notification on getting the difference paid?
apologies for the questions. It was an honest mistake and I want to make sure I do everything I can to do this right.
thanks again for all your help so far.
You will still get the first original full refund (and keep it) or need to pay the first tax due. You should not amend or change your return until you get the refund from the original return or your payment has cleared.
The amended return will only be the difference you get back or need to pay. You can confirm this by printing your amendment and looking at the 1040X. Line 18 should be your original refund amount and line 21 should be your additional refund. If you paid on your original return it will be on line 16 (but don't include any penalty on 1040 line 38). If there is an amount owed with the amendment, it will be on line 20.
Ignore any 1040V voucher that prints out and the new 1040. Those are what your return would have been if you had not needed to amend.
@VolvoGirl Thank you so much for clarifying. Eases my stress. Much appreciated 🙂
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