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Amended Tax return for 2024
I filed our 2024 tax return on April 13, 2025 paying $5423 in tax due. I subsequently located information on the original purchase date of a stock I sold in 2024. When I have run the Amended Tax Return through Turbo Tax it shows I owe $5006 in tax, which I believe correctly reflects the added information I have provided.
That is a reduction of $417 owing for my 2024 taxes. If I submit the Amended Return showing I owe money, ($5006) how does the difference get handled? Do I get a refund of $417? Can I apply it to my taxes for 2025? Will the IRS still think I have not paid my taxes for 2024?
Thanks for your clarification.
yesterday