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June 30, 2020
Question

Wrong Electric Vehicle Credit

  • June 30, 2020
  • 1 reply
  • 0 views

I filled out my 2019 taxes with an Electric Vehicle credit but it was calculated wrong by TurboTax.  I submitted the return.  Now TurboTax has been updated and it is asking me to submit an amended tax return.  That is fine but the initial refund was over $6000, now it shows that I owe over $3000.  

 

The calculations are technically correct but it is assuming I received the money already from the IRS.  Do I send the amount I "owe" even though the wash of the two returns will be a $2500 refund to mer?  What is my liability to send in the extra owed money if I never received the first too large refund?  Will the IRS send me the original $6000 refund?

 

Help?

    1 reply

    Critter
    Employee
    June 30, 2020

    Do not amend the return until you get the original refund...the IRS may catch this calculation error for you. 

    stldrumAuthor
    June 30, 2020

    Am I not liable for any penalties and interest on the now "Money Owed" for the amended return?