K-1 incorrectly was omitted from my state return so when I filed it showed a huge refund. Now I realize the mistake and actually owe! So I have to file an amended return. Do I wait for the refund first before paying the entire amount back and filing the amendment? What is the right approach?
Wait until you receive the refund. If you file an amended return before the original has been fully processed, problems and delays could occur.
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