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1040x Total Tax < Total Payment but no refund

Forum|Forum|3 years ago
April 22, 2023
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Hi, I'm filing 1040x for 2021. My Total Tax on the original 1040 was 138,429. Now on the 1040x, Total Payment is 138,429 which makes sense because I have paid all my 2021 tax due so it should equal the original 1040. But the problem is after the amendment, my Total Tax Correct Amount is only 135,447 and Turbotax says I'm not owed a refund.

Best answer by VolvoGirl

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.

If you have a tax due, do not send the 1040V. Just include a check with the 1040X. Ignore the 1040V. That is for the original return or what the original return would have been if it didn’t need correcting. Don’t pay the amount on the 1040V. Pay the amount on the actual 1040X.

VolvoGirlAnswer

Employee

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.

If you have a tax due, do not send the 1040V. Just include a check with the 1040X. Ignore the 1040V. That is for the original return or what the original return would have been if it didn’t need correcting. Don’t pay the amount on the 1040V. Pay the amount on the actual 1040X.

C

coolbeanAuthor

Right, my question is not how much I currently owe, but actually why am I not owed a refund if Total tax is less than Total payment.(as shown in the screenshot) Sorry I wasn't clear.