409979
You'll need to sign in or create an account to connect with an expert.
Besides having deductions that look puffed up, you can boost your odds of getting an audit notice with any of these:
--being self-employed (opportunities to cheat abound).
--having a 1099 mismatch (you show a $5,000 capital gain, the broker reports $15,000).
--having a large income (the IRS gets a better payback for audit efforts among the wealthy).
--claiming a large non-cash donation.
--reporting a loss from a business activity that could be a hobby.
Please see this Forbes article or this TurboTax Blog for more information.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
RMD20201
Level 3
Boyan
Level 4
candeaves
New Member
Mandy1979
Level 1
in [Event] Ask the Experts: Itemized Deductions - Schedule A
corneliusconnelly
New Member