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June 4, 2019
Question

Should I return my refund if I amended my return and now owe?

  • June 4, 2019
  • 1 reply
  • 0 views

I received my 1099B after I had already filed my taxes.  Originall, I was to get a return for both federal and state, but with this change I now owe for both.   however, my original refund has already been deposited into my bank account.   What do I do with the refund?

    1 reply

    June 4, 2019

    With the original refund you should pay the amount owed on the amended returns.

    brevingrjAuthor
    June 4, 2019
    So if I had a $1,500 refund and after the amended return owed $300.  I pay the $300 and keep the rest?