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After you file
Now 2 questions to follow up:
1. The CPA, who made the math errors consistently for years, said I won't be able to adjust/correct all previous year's cumulative over-paid taxes in 2024, due to a cap or limit. Instead, I will have to adjust the cumulative amount over many future years (by filing 3115 each year). Is this right?
2. Since I converted 1 of the 2 townhouses to self-use, I am no longer to do any adjustment/correction for that townhouse. That is, my over-paid taxes is forever lost. Is this right?
Thanks a lot!!
‎September 4, 2024
7:35 PM