Why is my 1040X (Amended Return) not offering a Federal Refund after I have reduced Capital Gains from the original $9,000 to the correct $1,500?

[brad-lazarus]

Since my capital gains tax rate is 15%, I was expecting to see a refund of $1,125 (from multiplying the difference of 7,500 by .15). Thank you.

[JamesG1]

Difficult to know without seeing the tax return.

Does your Federal 1040 income tax return compute the capital gains on a Schedule D Tax Worksheet or the Qualified Dividends and Capital Gain Tax Worksheet?

In TurboTax Premium Online, you may be able to review your forms after you have paid for the software.

• View the entries down the left side of the screen at Tax Tools.
• Select Print Center.
• Select Print, save or preview this year's return.

See the IRS Schedule D Tax Worksheet page D-16.

See the Qualified Dividends and Capital Gain Tax Worksheet page 36.