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yoli
Returning Member

Unexpected outcome when trying to amend my 2016 tax return

I have a new, corrected W-2 for 2016 and I'm attempting to amend my 2016 tax return I filed using TT Premier 2016. The new return is, in essence, more favorable to my with regards to taxes as it reflects the amount I paid as my 401K contribution, so I expect I'd be getting a refund as a result, but TT only allows me to enter the new W-2 information and it does not compare it to the old W-2 information, nor takes into account the taxes that I've already paid. As a result, instead of getting a refund, it tells me that I own a significant amount of money. TT also suggested that it'd automatically re-calculate and print any forms that need to be corrected as a result of the change, but that doesn't seem to be the case either. Surely I must be doing something wrong - could you help me figure out what?

 

Thank you!

 

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2 Replies

Unexpected outcome when trying to amend my 2016 tax return

Exactly what changed on the W-2?     Box 12 amounts for a 401(k) should have no effect on the tax at all unless the employer also reduced the amount of box 1 taxable income.

 

(Before amending be sure to save a copy of the original .tax2016 file so you can go back to the original - always work on a copy.)

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
dmertz
Level 15

Unexpected outcome when trying to amend my 2016 tax return

In TurboTax you need to replace the original W-2 with the corrected W-2.  You can do that by modifying the original W-2.  If you enter the corrected W-2 separately you must delete the original W-2.

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