Having just filed (one week ago) 2021 taxes, I realized I need to amend them by removing my son from the list of dependents. Taxes have been accepted originally at the federal and state level . Once 1040-X e-filing became available in TurboTax, I started the process of correction, by conducting two simple steps:
- removal of the dependent
- removal of the 1099-T form from the record
TurboTax seems to properly identify the differences, by identifying the two owed by me now amounts (the diffs from the original, larger amounts owed to me by both federal and state), post the above two changes, so this makes sense.
Questions:
1. During the checkup TurboTax prompts me with the following "Check This Entry": "1099-T Wks (<specific university name>): A link to the Taxpayer or Spouse Student Worksheet must be made if the student is the taxpayer or spouse, or link to a dependent below if one of them is a student", but there is nothing "below", and I have no option then to press "Continue"
Once I click "Continue", another "Check This Entry" comes up, with the following content: "1098-T Wks (<university name>): A link to a Dependent Worksheet must be made if the student is a dependent, or link to the taxpayer or spouse above if one of them is the student" - again with just "Continue" option, but now with a 1098(?!?) and nothing "above"
Any idea how this info is still being asked for, when I actually deleted the 1099-T when I started the 1040-X process?
2. If I continue with the process (once understanding the above, and running the 1040-X to completion), are the amounts I owe to federal and state actually going to be subtracted by IRS from the original amount they owed me (assuming they have not had the time to process the original - very likely, at this time), or am I supposed to:
a. wait for the actual return, then send what I owe to them
b. is TurboTax going to prompt me for a method of payment of what I would owe, according to 1040-X, *prior* to actually being able to get the originally filed refunds
c. Else?!?
