turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

clabaugh
New Member

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?

 
1 Reply

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.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
message box icon

Ready to start your taxes?

Hand off your taxes, get expert help, or do it yourself.

See Pricing
Manage cookies
v