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Amending 2020-1040x: reduced incom by 25K, Turbo says I owed IRS $1300
Hello,
My 2020 1040 tax was done OK. In 2020 got a job with relocation pack of $25K reflected in my filing. In 2021, the job became WFH. So I gave the $25K to the company. Company sent me W2C to reflect the correct amount. Got into my turbo Tax 2020. Click on Amend. was led to amend by putting in the correct SS income wage.... Turbo 2020 said I owed IRS $1300. When I got the package, I actually receive net of ~$16K with all the deductions.. when I paid back in 2021, I paid $22k. Company said it had credit my pay at IRS. So as of now net net I think IRS owes me $6500~, but Turbo Tax says NO, not only I do not get back the $6500, I owe IRS another $1300. What is happening here, barring software glitch? Thanks.
May 4, 2022
8:12 PM