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I did an amendment due to receiving a 1099-C after I filed. The refund now shows "$0". Does this mean I owe back the refund I received?

Forum|Forum|7 years ago
June 3, 2019
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I did an amendment due to receiving a 1099-C after I filed. The refund now shows "$0". Does this mean I owe back the refund I received? My original return gave us a refund. Now that I filled out the info with this 1099-C it is showing $0, does this mean that we owe back all the refund we received? Or do I just print out this amendment and mail it off to the IRS with no money?

TurboTax Deluxe Online

Best answer by testtesttesttesttesttesttest

Make sure your 1099-C is entered correctly.

The "$0" is based on your original refund/tax due.

Example: If your refund on your originally filed return was $1000 and your amended refund is $0, then you do not "owe back" any part of your original $1000 refund.

If you owed $100 on your amended return, you "owe back" part of your $1000 refund (netting you a $900 refund after amendment).

If you owed $1100 on your amended return, you "owe back" all of the original $1000, plus an additional $100.

The "starting point" on an amended return, is your original refund/tax due as originally filed.

For more information on inputting your 1099-C, please see the following:

https://ttlc.intuit.com/replies/5107826

T

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