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Investors & landlords
Is having a 465 (d) carryover that causes one of my businesses to show a loss the reason I got rated as a "medium" audit risk this year? It says it's because my business shows a loss. Technically this business doesn't have a loss. It didn't make much money, because I was doing better at my other business last year and spent very little time on this business. So I made less than 2,000 and then it says I have a $7,292 465 (d) carryover. I know I didn't report a loss that size last year either? I don't want to be audited for this and I don't know how to fix it.
‎April 12, 2023
2:43 AM