topic Expected refund after amendment, received payment notice in After you file

Expected refund after amendment, received payment notice

taxfiler458 — Fri, 08 Nov 2024 17:34:42 GMT

I amended my tax return because a capital loss carryover was missed. The amended filing showed an expected refund. Instead, weeks later, IRS issued a payment due notice.

The transcript shows: 290 additional tax assessed

Called IRS and they said "Qualified Dividend Capital Gain Worksheet was used when Schedule D should have been used". This could be a red herring so take it with a grain of salt.

What could be going on here? How should I proceed?

Re: Expected refund after amendment, received payment notice

fanfare — Sun, 10 Nov 2024 13:33:24 GMT

did you have gains or losses in 2023 or only a carry-forward ?

I'm guessing no gain/loss.

Did you attach Schedule D to your 1040-X?

IRS expected 1040-X Line 8 to show" SCH D ".

You can resubmit the amendment with explanation that Line 8 was wrong.

Amount paid Line 16 will depend on whether you send the $290 now or hold off for another IRS response.

@taxfiler458

Re: Expected refund after amendment, received payment notice

taxfiler458 — Mon, 11 Nov 2024 03:39:25 GMT

Thank you for your response, @fanfare!

I had a small gain and a larger carry-forward loss. The carry-forward loss was missed in the original filing. Once it was added to Form 8582 (Passive Activity Loss Limitations), it resulted in the calculation of a refund.

Schedule D was attached to 1040-X.

Line 6 (tax liability method) of 1040-X shows QDCGTW.

Line 8 seems irrelevant (Subtract line 7 from line 6).

Re: Expected refund after amendment, received payment notice

fanfare — Wed, 13 Nov 2024 13:52:40 GMT

I'm not familiar with 8582 and how it affects Schedule D,

and the proper tax worksheet to use in your situation.

Line 6 has the worksheet notation.

@taxfiler458