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Reviewing my return and shows high risk of audit. I closed my business in 2018, sold a vehicle, and lost money. Do I just file?
posted
June 4, 2019
4:22 PM
last updated
June 04, 2019
4:22 PM
1 Reply
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Reviewing my return and shows high risk of audit. I closed my business in 2018, sold a vehicle, and lost money. Do I just file?
If you have followed the TurboTax Step-by-Step interview, entered accurate information and have backup documentation for your transactions, you have no need to worry. If the IRS chooses your return for review or audit, you have everything you need to successfully defend your return.
It is better to file a timely return than to be worried about an audit.
June 4, 2019
4:22 PM
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