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IRS Notice regarding "Deferral for certain Sch H or SE Filers" from my 2020 return.
I have received a notice from the IRS saying I owe them due to a "Decrease in credit" on my 2020 return. Upon reviewing the return I prepared using Turbo Tax, there was a "Deferral for certain Schedule H or SE filers" claimed on Part II, Line f of Schedule 3 of the 1040. This same line sames (see instructions) and of course since I used Turbo Tax to prepare my return, I do not have those instructions. I have no idea what this is about. Should I pay it or not?
‎November 7, 2022
9:04 AM