AmyC
Expert Alumni

Investors & landlords

It sounds like you have done a great job! Each state has its own filing requirements so you will need to check requirements each year to determine if you need to file a state return. The audit risk meter would be high due to the activity in your return. A person with one w2 will have a much lower audit risk than someone with a rental, who has a lower risk than you with multiple rentals and sales. As long as you have your records and how you came up with what you did (as stated above), you are fine.

The email that isn't really a k-1 is a bit disconcerting. Having not seen it, I have to trust you as you seem highly intelligent. A few questions to the issuer never hurt.

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