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Investors & landlords
Thank you for the quick reply.
Unfortunately, I filed and later questioned my inputs. I ended up owing @$9500 to the fed - scheduled to be paid next week. If I amend to the 141k basis and change nothing else, then it looks like I would get about $4500 back. Sounds like I should amend.
When is the best time to file the amended return?
Does this set me up for additional scrutiny and possible audit? I have all the records of the original remodel and did purchase the audit protection feature.
regards, Richard
‎April 2, 2022
10:02 AM