turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

1040-X basic, (hopefully) ,question

I'm confused.

1040 sent, let's say 500 USD refund expected. Late 1099 comes in need to send 1040-X with refund now recalculated at let's say 450 USD.

So, am I expecting:

a - A refund for $500 and then I send them a check for $50?

b. A refund for $450 straight out the gate and that's it?

I'm thinking the way the 1040-X form calculates the numbers the IRS are expecting a payment from me that covers the 'refund' excess?

I also see references to 'waiting for the IRS to accept your 1040 before sending in the 1040-X'. How is that verified?.....USPS return of the certified mail receipt postcard.....or...wheres my refund....or what?

 

Thanks

 

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

1040-X basic, (hopefully) ,question

OK I checked the 'Wheres my refund' and the refund has been approved and processed, so it looks like I need to send in a refund to the IRS for the over payment from them. So can I use their credit card system and make the payment and then send in the 1040-X via mail with the 1099 and the credit card receipt attached?

 

Thanks

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question