I am amending a tax return where the client has already received their refund. The amended return doesn't reflect the fact the taxpayer received the refund and shows a similar refund amount. How do I reflect the refund already paid out in the amended return so that I can show the correct amount due?
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Thanks, TaxGirl3.
I didn't realize that Proconnect already took into account that the client had received their refund. I ran the "Check Return" and it showed the full refund and thought that was how the Amended Return would be filed, but when I previewed the forms, the 1040X properly accounted for the already received refund and showed the net difference.
I didn't have to make any changes or adjust anything.
Thanks, TaxGirl3.
I didn't realize that Proconnect already took into account that the client had received their refund. I ran the "Check Return" and it showed the full refund and thought that was how the Amended Return would be filed, but when I previewed the forms, the 1040X properly accounted for the already received refund and showed the net difference.
I didn't have to make any changes or adjust anything.
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