Hello,
I am trying to amend my 2020 return which is already accepted and I have already received the refund in my account. While amending the return to add my schedule K information after selecting my accepted IRS tax return the numbers on the top left window for federal tax goes red and it shows I owe IRS $500. Yet I have not entered the Schedule K information. After entering the schedule K information (business loss) for me and my wife I see I still owe to IRS.
Can you please explain me the reason behind I end up owing to IRS instead of getting additional refund. Technically I should get more refund as my business loss increase the deduction.
Need your help.
