I am sorry for not explaining my problem correctly. My 2014 taxes were still being handled by my accountant and all is well there. My issue is my 2018 taxes which was one of my first years using Turbotax.
We had invested the equity from our home sale in 2014 into a short term investment knowing we would be using this money to purchase another home. We retired in 2016 and did purchase a new home in 2018 and I asked our financial adviser to take out money to use as a down payment. Not sure where the communication went wrong but I thought he was using our money from our home sale in 2014 but instead he took money from our IRA's?
My mistake was not including that money when filing our 2018 taxes because I thought it was our cash from the sale. So now the IRS and State of MN are after me for not showing this money as income and paying the appropriate taxes.
I am asking if there is anything I can do to resolve this being i used the money as a down payment 4 years after selling our lake home? My wife and I are in our 70`s, retired and on a fixed budget.
