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only losses, why do I owe?
I’m trying to amend my 2020 return. In 2020, I made neither personal nor business income. After amending with TurboTax, my AGI was ($14k), taxable income was $0. My original already had losses, and the amended return only increased them.
Federal withholding was $486, and overpayment was $608. State withholding was $57.
I have not yet filed the amended returns. I owed nothing in my original return.
After amending, TurboTax indicates I now owe $122 to the IRS and $220 to CA FTB.
Why do I owe payment now?
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November 9, 2023
7:36 PM