All,
I need to file an amended 2023 return as I have discovered that I may have additional income for a personal vehicle that was used for business purposes and, I have been informed, that the income (even though it was sold for a loss) should have been claimed on the tax return.
I am concerned about the interest and penalty that this mistake, while honest and unknowing on my part, might be assessed to me by the IRS. If any of you can offer some thoughts, I would appreciate the help.
Mudbug61