jrollo Posted March 8, 2009 Report Posted March 8, 2009 Client's retrun has been E-Filed. However, he sold his home last year and received a 1099 S. The sale was not report on his original return. To be in compliance in reporting the sale can I amend the return and report the Section 121 exclusion the Schedule D? Thank you, Jeff Quote
fredazcpa Posted March 8, 2009 Report Posted March 8, 2009 Yes I would, or in about 12 to 18 months client might get a letter form the IRS, IMHO, letters from IRS to clients are not a good thing and I try to avoid them if I can, because they always come at the worst time, like now Quote
jrollo Posted March 8, 2009 Author Report Posted March 8, 2009 Fred: Thank you for the information. I too do not like client getting a letter from the IRS. Thanks again. Jeff Quote
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