Hi, my original return showed that we owed $500. I then received a late K1 with a lot of stock loses from an inheritance. When I amended our return it showed a refund of $722. The IRS subtracted the $500 from the $722 and sent me a check for $222. It's my opinion that the amended return should replace the original return and I should be refunded the full $722. Right?
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See your submitted form 1040-X Line 16 which is where that originally paid $500 would be accounted for.
It should be there.
See your submitted form 1040-X Line 16 which is where that originally paid $500 would be accounted for.
It should be there.
Oh, I see. It is there and the assumption is that I already paid that and it would need to be returned. So it is included in the $722. Since I hadn't paid it yet they subtracted it out. That makes sense. Thanks!!!
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