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Amending a 2020 return doesn't populate the previous refundable credits

Forum|Forum|5 years ago
April 5, 2021
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I needed to amend my 2020 taxes and noticed turbo tax isn't populating the previous value for the refundable credits. Overall the taxes due is correct but the refundable credits is incorrect due to the recovery rebate not populating from my initial 2020 filling. How do I correct this?

TurboTax Deluxe Online

Best answer by jstampfly

Per Turbotax line 15 Column A on the 1040x will not include any recovery rebate (stimulus check) amount. Part of the reasoning is because the IRS will automatically adjust the recovery rebate amount on your 1040 if the calculation was done incorrectly so there isn't a need to amend the recovery rebate amount. But if you had a change in AGI then the 1040x would have any recovery rebate adjustments on line 15 column b and c of the 1040x.

KathrynG3

You may not need to correct it. The amended return would only report the change. Can you please clarify your question? Are you saying that there is nothing shown on Column A Line 7 of Form 1040-X? Nothing should be in Column B or C for Line 7, but you should see the Credit listed as Originally filed.

If you do not have anything listed in Column A, revisit the stimulus payment section to verify that the input there is still the same.

Go to the search box and enter stimulus. Click the Jump to link.
Answer Yes.
At the next screen, Let's double-check the amount you received, answer No to edit the first-round and second-round amounts.
If no stimulus amount was received, enter 0. An amount must be entered in each box. When finished, click Continue.

The amended federal return can be e-filed, but only Georgia, Michigan, New York and Vermont state amendments can be e-filed. Otherwise, the amended state return must be paper filed. TurboTax will provide the directions.

For more information, see:

What is the IRS 1040X Form? - TurboTax Tax Tips & Videos

J

jstampflyAuthor

Line 15 column A on the 1040x doesn't have the value from line 32 of my 1040 that was filed. This is making the net change positive for line 15 on the 1040x when it should be negative in my case. Is there a way I can change Line 15 column A on the 1040x, or does TurboTax need to make an update so that value populates properly?

J

jstampflyAuthorAnswer

Per Turbotax line 15 Column A on the 1040x will not include any recovery rebate (stimulus check) amount. Part of the reasoning is because the IRS will automatically adjust the recovery rebate amount on your 1040 if the calculation was done incorrectly so there isn't a need to amend the recovery rebate amount. But if you had a change in AGI then the 1040x would have any recovery rebate adjustments on line 15 column b and c of the 1040x.