It's a 2022 amended return. Last fall they notified me I owed due to missing income on the W-2. I reviewed my taxes and discovered I also missed reporting expenses, which would reduce the amount I owed by over $5k. So I filed the amended return for 2022. They received it 17 weeks ago and I'm still waiting for them to process it and adjust the amount I owe. I then prepared my 2024 taxes and have a large refund coming. If I submit the 2024 return now, I'll get about $2K back (because they'll take everything they think I owe, which is $5k too much). But then they will eventually process my amended return, resulting in the IRS owing me a $5K adjustment. If I file now, the debt is gone, but I have to wait and trust that they will eventually process the amendment and get me my funds back. If I wait as long as possible for them to process the amended return and they manage to make the adjustment in time ( no later 4/15), I would get around $7K back. I'm trying to figure out which is more advantageous in the long run.
