I am attempting to amend my 2016 return, but when I select amend, the Federal Tax Due drops significantly (from $6844 owed to $1540 owed) but does not go to zero. I feel like I may not be starting from the right baseline if I don't start from zero, since I already paid my taxes.
June 6, 2019 3:24 AM last updated June 06, 2019 3:24 AM Connect with an expertx
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Ignore the refund/bal due meter when amending . the amount you paid with the original return will be applied at the end of the interview .
Look at the form 1040X …
Column A should have the figures from the original return, Column C the corrected figures and Column B the differences between the other 2 which needs an explanation on page 2 of the form 1040X.
If you completed it correctly you will see an entry on either line 16 OR 18:
On line 16 should be the amount you paid with your original return. If you paid nothing already then this line should be zero.
On line 18 should be the amount of your original refund you received. If you have not received your refund yet then you need to wait for it. If the refund changes from what you expected then this line must reflect that change.
Then you will see your extra refund on line 22 OR the new balance due you need to pay on line 20.