Amend 2021 1040-SR & 1040-X Conflict refund #

[SLYKTAX]

After efiling 5 days ago and return accepted by IRS.  I need to amend my return as I missed reporting and Interest Income of $605.47.  I ran TT first by adding the Interest Income and also tried start the amendment 1040-X.  Both gave me the same Federal Refund of $4,843 on my 1040-SR. 

My earlier efiling Federal Refund on the1040-SR was $4,988 which is  $145 more.

However,  the 1040-X on Line 21 & 22 indicate that my overpaid and refund was $4,095, which is $748 less than the amount shown on $1040-SR.

But I saw on 1040-X, there is a $748 on Line 18 (Overpayment, as shown on original return) which I believe is wrong that causes my refund go less.  Should that # be $145 or $0?  How can I rectify this discrepancy? 

Thanks

[KatrinaLO]

You can amend your 2021 tax return once it's been filed and accepted if you feel the amounts in question are incorrect. Please see this TurboTax FAQ here for assistance.

[SLYKTAX]

Not helpful at all. Nothing addressed my question.

[GeorgeM777 · Accepted solution]

No, the amount on line 18 should not be $145 or 0.  According to the IRS instructions for Form 1040-X, line 18 should be the amount of your original overpayment as reflected on your Form 1040-SR which appears to have been $4,988.  If line 18 is larger than line 17, line 19 will be negative. You will owe additional tax.  To figure the amount owed, treat the amount on line 19 as positive and subtract it from the amount on line 11.  Enter the result on line 20.

Line 21 on Form 1040-X relates to the amount to be refunded to you.  However, given that you added interest to your original return, you will likely owe additional tax, probably close to the amount you initially computed.  Therefore, perhaps the best option is to go back to the amended return and check your interest entry.  

@SLYKTAX

[SLYKTAX]

GeorgeM777: Thanks for the explanation. What u said makes sense to me based on the Line description, so Line 18 is 4988 which is  my original refund.  Now based on the # on Line 19 and Line 11, the different come out to be 145 for Line 20 (that is the amount owed).  My original return refund is $4988 and my amended return refund is $4843, a difference of $145.  Does that mean  I have to pay $145 with the amended return and then IRS would refund me the $4988 or IRS would refund me $4843?

BTW, how did TT screw up the number? How do I get the line #s right? Do I have to manually change the numbers in the form instead of search how TT got it wrong? Thanks again.

[VolvoGirl]

Do not amend until the original return is done processing and you get the first refund.

Then the amended return is only for the difference you get back or owe.  I think the cover sheet shows what the original return WOULD have been if you did it right the first time.

Go by the actual 1040X.  Line 18 should be your original refund amount and line 22 should be your additional refund.  If you paid on your original return it will be on line 16.  If there is an amount owed with the amendment, it will be on line 20.

If you have a tax due, do not send the 1040V.  Just include a check with the 1040X.  Ignore the 1040V.  That is for the original return or what the original return would have been if it didn’t need correcting.  Don’t pay the amount on the 1040V.  Pay the amount on the actual 1040X.

[SLYKTAX]

Thanks.  I haven't done filing my State (California) return yet.  Should I  update the data in my Federal and file my State's now so that I don't have to amend it later?  Or wait until my amended Federal is filed?

[fanfare]

 If you made the changes you might as well file CA now.

Why?

you have to back out those changes.

You must do the amend steps in the correct order.

1) verify you are looking at what you filed originally

2) enter the AMEND command

3) make your revisions.

4) review 1040-X carefully.

5) e-File 1040-X.

----

The only other option is to prepare Form 1040-X manually and mail it at the post office.