After you file

Thanks Hackitoff. My question is I would owe any taxes only on any potential gain between cost basis and price sold for the portion of the shares sold to cover taxes right? Also, what forms would I have to file for the amended return and is this something for which the penalty and interest would be applicable. Right now, they have sent me a notice saying I underreported $58,000 abs levied a penalty of $5000 and interest of $2500 from 2018 till now. Do you recommend going to a tax professional or I should it be ok to handle by myself.

 

thanks