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I would amend your return to include a simple statement saying pretty much what you shared:
"Inadvertently chose Option B on Line 33 in Schedule C 'lower of Cost or market value' when I have always used Option A 'cost'. Amending return to reflect the Cost method." Include a copy of your corrected Schedule C with the 1040X.I would amend your return to include a simple statement saying pretty much what you shared:
"Inadvertently chose Option B on Line 33 in Schedule C 'lower of Cost or market value' when I have always used Option A 'cost'. Amending return to reflect the Cost method." Include a copy of your corrected Schedule C with the 1040X.Still have questions?
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