I filed my 2020 state and federal tax return in February. I owed $600 on the federal and I was suppose to get a $2000 refund from the state of California.
I have not received my refund from the state yet so I called the FTB. They said there was an error on my return. They said my tax withholdings was higher than what they calculated by about $4K resulting in a tax due the state of $2,100.
I double checked and they were correct. Somehow I downloaded my 1099R from Schwab twice and Turbo Tax added the withholding twice ($4K). But then I realized Turbo Tax also added the 1099R income of $45K twice.
So after I deleted the second Schwab amounts, Turbo Tax shows I am should get a refund from the federal and state. The question is when should I submit the amended returns now or later. I have not paid the federal taxes yet. I only filed the return.
