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Amended 2022 Return payment due
Thanks to a late arriving reporting statement with additional income I need to amend my 2022 return which was filed the day before I received the tardy statement. The additional income generates an additional tax owed on line 20 of form 1040-X. This amount is less than the excess tax that was reported on the original return (line 34). I applied the entire amount to my 2023 estimated tax (line 36). Rather than writing a check to the IRS for the additional taxes as directed by TurboTax it seems to me that there should be a way to simply reduce the amount I had applied as a payment for estimated 2023 taxes by the additional taxes resulting from the inclusion of the income in the late arriving reporting statement. Is this possible?
‎February 22, 2023
10:07 AM