@Opus 17 ah I see that makes sense, thanks for correcting my logic. This however is unfortunate as I've never filed an amended tax return (1040-X) before.
I used Cash App Taxes to file my taxes in 2022. I reached out to their support but it sounds like their software might not allow for me to file a 2022 amendment this close to the start of 2023. Is it possible to file an amendment using Turbo Tax even if I didn't use it to file my original filing?
I'm worried about making further errors. You mentioned earlier I'd only need to file a 1040-X and a 5329 rather than a full amendment (not sure I even know what that would entail). If I were to file the 1040-X and 5329 how involved is that without using software?
Alternatively, if I don't file an amendment for 2022 is there a way that this can still be addressed or taken care of in 2023 even if that means incurring further penalties? If so I'd likely prefer that to reduce further paperwork and opportunity for error. I assume I'd just get hit with a retroactive 6% penalty for 2022, and maybe another 6% for 2023 perhaps?
And finally, since on my 2022 return I indicated I'd withdraw $500 I can't now do a withdrawal of $500 right? To go that route I would have needed to remove the $500 before the filing deadline or extension deadline of 2022 right?
