Amended Tax Return + Current Year

Forum|Forum|2 years ago
January 22, 2024
2 replies
21 views

2023 Tax Return-

In late 2023 I received my 2021 Amended Tax Return Check for money i missed out on due to incorrect filing status and a missing w2 for that year. The amount by check that i recieved from the IRS was more than what was said on the 1040-x (Amended tax return for 2021). How would i report this on my 2023 taxes? and how do i report it being more than what was allotted on the amended return?

Tax Advice

VolvoGirl

Level 15

Did the IRS pay you interest on it? Enter interest from the IRS like a 1099Int and put the amount in box 1. Enter it manually and just enter IRS for the payer. Don't enter any other info like the address or a EIN.

Federal
Wages & Income
Interest and Dividends
Interest on 1099INT - Click the Start or Update button

Put the interest amount in box 1

rjs

Level 15

You do not report a federal tax refund on your federal tax return. You do not have to report that the refund was more than the 1040-X showed.

The additional amount might be interest that the IRS paid you on the delayed refund. If so, you should get a Form 1099-INT from the IRS. You report it as interest income, just like interest from a bank.