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After you file
Good idea VolvoGirl. But the numbers don't quite add up. I think my problem was that when I received the notification about the corrected 1099 that I opened my TurboTax return and entered the new information to see if it was worth the trouble to amend it (without using the "Amend a Return" button). TurboTax autosaved the file with the new numbers and now the original is gone. Fortunately, I saved a PDF of it to see the previous numbers. The original 1040 amount due shown is higher by $47 (penalty charge) than 1040X line 16. Now if I subtract the refund amount shown on the 1040X (line 21) from line 16 it is $32 less than what is shown on the 1040-V?! Is the penalty $15 less now for some reason?
March 18, 2024
12:14 PM