Didn't receive a refund I expected for my Amended Return

Forum|Forum|1 year ago
April 29, 2024
4 replies
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I amended my 2023 tax return and had two separate issues that dictated a refund (or refunds). One refund was for a mistake of paying taxes on double the interest I earned from one bank which I did receive a check for the correct expected refund amount of $452.

However, the other issue I expected to receive a refund for was to use my loss carryover (BTW, I had much more than $3k of carryover) that on my original tax return I failed to carry my loss carryover forward to use it - and this was fully noted in my amended 1040X and I also explained that I failed to carry it forward when I originally e-filed my tax return. My problem is that I did not receive a refund of $661 that I was expecting for the adjustment of failing to use my loss carryover in my original tax return filing.

I mailed the amended 1040X tax return and it had the total refund amount I am due ($1,113) clearly stated, but I only received a refund check for $452 for the correction the double interest I had paid taxes on. I did not receive a refund check for $661 for the correction of not using my loss carryover. Both amended corrections ($452 & $661) totaled $1,113 which was clearly stated on the 1040X amended return.

Why would I not be refunded with one check the full amount I am owed? Does the IRS send separate checks when there are two separate issues dictating refunds? I would have thought I'd receive just one check for the full amended refund of $1,113. So, this confuses me!

Can an experienced TurboTax expert in such matters spread some light on this mystery for me, please?

Does one IRS agent handle certain amended issues (e.g. interest) and then passes it on to another agent that handles different amended issues (e.g. loss carryover)?

Should I be expecting an explanation from the IRS about my refund and about the lack of my expected refund for the loss carryover correction? Do you think the reason I did not receive the expected amended amount will be explained? The IRS website states: 'Your account was adjusted on April 26, 2024. Within three weeks, you will receive a notice that explains the adjustment.' I really don't see how this makes much sense when I've already received a check for less than the amount I should have received.

I'm looking for some wisdom so I can learn how this works!

What should I do to recover what I'm owed for failing to use my loss carryover that I expected to be refunded via my amended 1040X?

Best answer by Bob in Plano

TurboTax Community Support - Do you think the IRS will mail me a separate check for the $661 to take care of the amended Loss Carryover correction?

What are the chances the IRS will consider my amended return finished and closed even though my 1040X addresses two items that dictate refunds for which they have only refunded and settled just one thus far?

Maybe an 'Expert Alumni' knows about this and can weigh-in to answer:

My Amended Tax Return is shown on the IRS website as 'Adjusted' but not yet 'Completed'.

Having received a refund check for just one of the two amended tax return correction amounts, both corrections resulting in a refund, does this not yet completed status mean I will receive another refund check for the other correction?

Bob in PlanoAuthor

Is there a TurboTax expert out there that can help me?

VolvoGirl

Employee

Did you wait to amend until after the original return was processed and you got the first refund or paid a tax due? The IRS may have adjusted your original return.

Does your original amounts show up right on the amended return? You may have needed to change the amended return to include any changes the IRS made to the original return before making your changes.

Go by the actual 1040X. Line 18 should be your original refund amount and line 22 should be your additional refund. If you paid on your original return it will be on line 16. If there is an amount owed with the amendment, it will be on line 20.

Bob in PlanoAuthor

Yes, I had already filed my original return and it was accepted and I was paid a refund of $4,047 before I worked up the 1040X and mailed it.

Line 18: Overpayment of $4,047 (which I was paid before mailing my 1040X)

Line 22: Amount on Line 21 you want paid to you: $1,113 (which is the amount I posted above that I am owed)

Line 20: Amount you owe: 0 (Zero)

Per the 1040X I am owed a total of $1,113 additional refund:

$452 (which I have just received payment with a check) for overpaying interest due to double the interest amount mysteriously showing on my TT return)

$661 (which I have not been paid and I do not know what to expect) for having not used $3k Loss Carryover, which I have much more than $3k, and I should be entitled to use - and is on my 1040X.

VolvoGirl - Thank you for helping me. I appreciate it.

What should I expect pertaining to the $661 refund for the Loss Carryover issue?

Bob in PlanoAuthor

TurboTax Community Support - Do you think the IRS will mail me a separate check for the $661 to take care of the amended Loss Carryover correction?

Chavez29510

It says my amendment was completed July 19 2024 but I haven’t received anything in the mail yet. I have the correct mailing address down but I’m not sure if they have the lot number for my apartment. I tried contacting someone but having trouble please help

DoninGA

Employee

@Chavez29510

Call the IRS: 1-800-829-1040 hours 7 AM - 7 PM local time Monday-Friday
When calling the IRS do NOT choose the first option re: "Refund", or it will send you to an automated phone line.
So after first choosing your language, then do NOT choose Option 1 (refund info). Choose option 2 for "personal income tax" instead.
Then press 1 for "form, tax history, or payment".
Then press 3 "for all other questions."
Then press 2 "for all other questions."
- When it asks you to enter your SSN or EIN to access your account information, don't enter anything.
- After it asks twice, you will get another menu.

Press 2 for personal or individual tax questions.
Then press 3 for all other inquiries
It should then transfer you to an agent.