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zarach2
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How to tell exactly if you owe or getting refund from an amended tax return. Turbox show a refund but my print out 1040 shows I owe?

 
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2 Replies

How to tell exactly if you owe or getting refund from an amended tax return. Turbox show a refund but my print out 1040 shows I owe?

Not enough info in the question BUT  if you had the unemployment or PTC repayment on your original return then the IRS will automatically correct it and send the refund due or mail the new balance due amount eventually sometime this summer.  

 

If you open your return and look at the current 1040 you should see the corrections that were made in the program for you ... you do not need to amend unless you need to change something else on the return. 

 

They are starting to go out. See this new IRS article May 14, 2021
https://www.irs.gov/newsroom/irs-begins-correcting-tax-returns-for-unemployment-compensation-income-...


You may need to amend your state return,
https://ttlc.intuit.com/community/state-taxes/help/do-i-need-to-amend-my-state-return/00/2134732

How to tell exactly if you owe or getting refund from an amended tax return. Turbox show a refund but my print out 1040 shows I owe?

On the federal amended tax return, Form 1040-X, if you have a refund it would be on Line 21.  If you have taxes owed on the amended return it would be on Line 20.

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