I discovered I omitted a form1099 from a broker. Originally I had a return that I partially credited to 2020 taxes. The return was $3,000. I credited $2,000 to 2020 taxes and got a check for $1,000. The original tax return was accepted and the check was deposited. Now because of the error I owe about $500. It seems to me that then I would either send $500 to the IRS and my credit for my 2020 taxes would stay at $2,000 or my credit for 2020 taxes would be $1,500 and I would send nothing right now with my amended return
The way I complete Turbo Tax it says that I both owe a $500 check and that my return is $1,500. Could you tell me what I'm doing incorrectly?
On 1040X line 16 - if I am sending $500 should I enter it there? Turbo tax doesn't show me how to do that unless I simply override the line on the form.
