Since your original e-file was obviously accepted (since you
are expecting your refund soon), you will need to amend your return.
Facts:
-
You are still going to be receiving
your original refund amount.
- The tax calculator on Turbo Tax resets
to zero when you start the amend process.
- The amount on your 1040-X is either additional
refund (Line 22) or an amount due that has to
be paid back to the IRS (Line 20).
- You need to
hold off a little longer on filing the Amended return. We recommend that
you wait until you have received your original refund before amending.
Please go to
the link below and click on 2016 in blue ink.
This will take you to information on how to amend.
https://ttlc.intuit.com/questions/1894381-how-to-amend-change-or-correct-a-return-you-already-filed
As to whether or not you will be receiving a refund for the
amendment, that all depends on your income tax rate and the amount of taxes
withheld from your 1099 income.
The minimum amount before the payer is required to file a
Form 1099 is $600. There is no minimum
amount for the payee to report the income.
Since you have plenty of time to file your amended return
before your tax return due date, there will not be a penalty if you owe on the
amendment.
