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Level 2
May 21, 2024
Question

Amended tax return for 2021

  • May 21, 2024
  • 1 reply
  • 6 views

Hi everyone, I have a client who incorrectly filed out their 2021 tax returns by failing to input their 1099-B. The client received a tax refund of $1090 but should have only received $600 if filed correctly. I've completed to 1040x and the tax return correctly, but do I need to account for the $1090 refund they received? Basically they received $490 more than what they should have, which they'll have to pay back. Does that information need to be on the 1040x?

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    1 reply

    sjrcpa
    Level 15
    May 21, 2024

    Yes. There is a line that says overpayment per original return, or something like that.

    The more I know the more I don’t know.
    xerxes00Author
    Level 2
    May 21, 2024

    Oh yes, I found it. Thanks so much