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If I file an amended return (before the deadline) that reduces my tax liability, do I still need to pay the tax due calculated on the initial return?
Using TurboTax deluxe, I e-filed my tax return with some tax due, which I planned to pay by check before the deadline date. I subsequently found that I over-stated some capital gains, and amended my return to show the reduced tax liability. The amended return shows I still owe some taxes, but not as much as the initial return. Do I still need to pay the taxes due indicated in the initial return? Or simply pay what the amended return shows is due?
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‎April 1, 2022
7:22 AM