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URL:  http://boards.fool.com/i-am-still-a-little-confused-as-to-why-the-809-30665570.aspx

Subject:  Re: Amended return issue Date:  5/3/2013  9:33 AM
Author:  TMFPMarti Number:  118581 of 121061

I am still a little confused as to why the $809 refund check is mine to cash. This tyro uses TurboTax and the original 1040 showed a $809 refund. The 1040X showed $540 due the IRS. Clearly a swing of $1349.

Yet, if the $809 refund is mine to keep (and spend) then the "swing" is only $540.


You're confusing yourself through your insistence on looking at checks rather than tax. Your original return understated your tax by $540 (line 10 of the 1040X). Thus you owe $540. Everything else is just reconciling payments.

Spend the money.

Phil
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