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Level 2
posted Jun 1, 2019 8:27:30 AM

I have a $3 error when I listed my estimated tax amount on schedule 5 line 66. (it was my mistake, not TT).

The $3 is an overstatement. 

On the brightside -- It's JUST $3. I paid $7,233 but I messed up and rounded up on the quarterly calculation worksheet so the amount totaled $7,236.

My return was both transmitted and accepted today. (It was super fast, like within an hour) I WAS expecting a $1,919 refund but -- it really should only be $1,916. 

Should I rush over to EFPTS & deposit a quick $3 to adjust, file an amended return since my transmittal was accepted, or just wait it out till the IRS contacts me of my mistake? 

Seriously. Wondering. It's $3. I don't want to get all frantic over $3 but I also want my refund. There's a reason I ended up with a refund, my rental income fell out during the last 1/2 of the year when more people than usual up & moved out without notice or warning. I need that cash....So, I'm kind of curious if $3 will be a processing problem.

Thanks for the advice.

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1 Best answer
Expert Alumni
Jun 1, 2019 8:27:32 AM

Don't worry about it!  The IRS will catch the mistake as part of their normal return checking process, correct for it and send you the correct amount.  You don't need to do anything.  Errors such as your are very common and easily corrected.  Moreover, it should not slow down your tax refund either.

3 Replies
Expert Alumni
Jun 1, 2019 8:27:32 AM

Don't worry about it!  The IRS will catch the mistake as part of their normal return checking process, correct for it and send you the correct amount.  You don't need to do anything.  Errors such as your are very common and easily corrected.  Moreover, it should not slow down your tax refund either.

Level 2
Jun 1, 2019 8:27:33 AM

Thank your quick response David. Much appreciation... Cheers.

Expert Alumni
Jun 1, 2019 8:27:35 AM

You're welcome.  Thanks for using TurboTax!!