My cousin has been filing two different tax returns
one only declares her stock/funds capital gain/loss filed by her CPA
Another one only declares her real estate property filed by someone else helping her manage the property
I learned that one person can't have two different returns and one would always be rejected.
What should she do now to fix the issue?
She has always paid/got a refund from the two returns.
she needs to find a competent professional to deal with the issues of misreporting her income for years. this is not a do-it-yourself project. how she could file two returns and get refunds for both just shouldn't happen
there is one exception, if the real estate was held in trust that was not treated as a grantor trust. even that could have been messed up - treating a trust as non-grantor when it is.
she needs to find a competent professional to deal with the issues of misreporting her income for years. this is not a do-it-yourself project. how she could file two returns and get refunds for both just shouldn't happen
there is one exception, if the real estate was held in trust that was not treated as a grantor trust. even that could have been messed up - treating a trust as non-grantor when it is.