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posted May 15, 2022 12:57:26 PM

Audit 2019 tax credit for business, I didn't read this very well and it said qualifying businesses. I paid for your audit protection I need help from 2019.

I received a letter for Gains on a capital transaction credit of 380. I used my money from selling my house to buy this stock that is in Utah but I don't think I fully understood this credit and made the mistake of putting it on my form without understanding it fully. I paid for audit defense with turbo tax so I hope they can help me out, any ideas, I paid 10k for a stock in Utah small business I thought I could use that to write it off.

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Level 15
May 15, 2022 1:13:04 PM

The Audit Defense service is provided by TaxAudit in partnership with TurboTax. If you paid for Audit Defense and you received an IRS notice, call TaxAudit at 877-829-9695, or report your IRS notice on the TaxAudit.com web site. Do not contact the IRS until you have spoken to TaxAudit. They may contact the IRS on your behalf.