My 2024 return was accepted by the IRS and they debited my bank account for the amount owed. I received a a K1 form and started to amend my return. The new tax due number went up and I suspect that the amended return is not accounting for taxes paid from my bank. I cannot find where I enter this information in TurboTax.
When you started the amended return didn’t the monitors at top reset to zero? It should automatically include the tax due from the original return.
Look at the amended 1040X. The amended 1040X return is only for the difference you get back or owe. I think the cover sheet shows what the original return WOULD have been if you did it right the first time. Ignore the new 1040 that might print out.
Go by the actual 1040X. Line 18 should be your original refund amount and line 22 should be your additional refund. If you paid on your original return it will be on line 16. If there is an amount owed with the amendment, it will be on line 20.
Thank you for the response,
I didn't pay attention to the monitors at the top. I was not expecting them to change.
My recovery. I reopened the file and decided to go through step by step to validate all the entries. When I got to the end, I still had a significant tax due showing. I knew this was not correct. I started digging into the forms to see what was going on. I found the following. 1: The 1040x did not show my previous payment to the IRS in box 16. 2: Also, in box 18 there was a non-zero amount which I did not enter of Overpayment shown (I did not have an Overpayment for 2023). The combination of these two boxes is what drove the taxes due numbers on lines 20 through 22.