I electronically filed my 2022 federal and CA tax returns. I received email messages that both were accepted. After discovering that I had omitted to include an IRA rollover, I electronically filed an amendment on form 1040X.
The original returns showed that I would get $85 in federal taxes and the original CA return showed I owed $447. After I filed the federal and CA returns electronically, Turbo Tax amended both returns; the federal return showed zero instead of $85.00, while the CA return showed I owed zero. Yesterday, I received $85.00 from IRS in my bank account.
Today, $447 was withdrawn from my bank account for the CA tax liability. I had assumed that after Turbo Tax amended my returns to show zero, that I would not have to pay anything. Any ideas about what occurred?
You'll need to sign in or create an account to connect with an expert.
When you amend your tax returns, the refund/tax due counter is reset to zero before you start your amendment.
When your amended returns show $0 tax due/refund, this means that your tax is unchanged from the original returns. So you will get $85 Federal refund and pay $447 of state tax.
This is normal as generally an IRA rollover is not taxable.
When you amend your tax returns, the refund/tax due counter is reset to zero before you start your amendment.
When your amended returns show $0 tax due/refund, this means that your tax is unchanged from the original returns. So you will get $85 Federal refund and pay $447 of state tax.
This is normal as generally an IRA rollover is not taxable.
Great explanation. Now I understand.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
778d3ef94d9c
New Member
Shannerzzzz
New Member
sparksj337
New Member
Kathyyy
Returning Member
Bob in Plano
Level 3
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.