It depends; code 846 is used to notify that the return has been processed and a refund issued. When your refund is issued, the IRS will determine what amount of offset you have, and your refund will be applied to the offset first. If your refund exceeds the offset amount, you will receive the remaining balance as a refund. If your offset exceeds your refund, the refund will be applied to the offset entirely. The code, however, will still be issued on your transcript to show that a refund was issued
For more information on offsets, see the link below:
Refunds are applied to the balance due
@JES13
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