Amended Return question

[Ernie]

I have to file an amended return because they received a new 1099-B after we filed. 

They also have unemployment that they did not get the $10,200 deduction from income for.

When doing the amended return do I balance the 1040X before entering the 1099-B and then give them a voucher for the $500 they will owe or do I leave the unemployment on the amended return have the IRS send them a bill?

Thanks,

Dusty Ernie

[Skylane · Accepted solution]

Amend it all. Include the unemployment and give them a voucher for the correct amount. 

[Ernie]

Thanks Skylane.  Appreciate the input.

[IRonMaN]

I'll second the amend all philosophy.

[BobKamman]

That answer doesn't make any sense to me, probably because the question isn't clear.  Is the $500 they owe, before or after the unemployment exclusion?  The amended return should include both the 1099-B income and the 1099-G exclusion.  If that results in a refund, file it that way and let IRS cross it off the list to change later.  (Also, might kill two birds with one stone if the state needs to be amended also. )

[Ernie]

Bob:  with the unemployment (that the IRS will automatically fix) they are getting a refund.  With out the unemployment they will owe money.

I don't want to wait to pay so the IRS can add interest.  I want them paid by the tax deadline.

Dusty Ernie

[BobKamman]

I would want a correct return filed by May 17.  (In that case, it would be a superseding return, but what you call it really doesn't matter.)  A correct return would show the 1099-B income and the unemployment exclusion.