QUESTION
What should I do if I forgot to report some of my income? How?
Asked on May 06th, 2015 on Taxation - California
More details to this question:
I recently sent in my income tax return and I realized I forgot to include income that was coming in from a home I rent out. What do I do?
3 ANSWERS
Commercial & Bankruptcy Law Attorney serving Powell, OH
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Ronald K. Nims
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File a Form 1040X showing changes. You'll also have to file a Schedule E or Schedule C with the details of the rental income, expenses and depreciation.
Answered on May 07th, 2015 at 4:15 AM
Elder Law Attorney serving Hollister, CA
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Charles R. Perry
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You should file an amended return on form 1040X. A tax preparer should be able to help you with any questions you have as to how to fill out the form.
Answered on May 07th, 2015 at 4:15 AM
Taxation Law Attorney serving Glendale, CA
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Irsfeld, Irsfeld & Younger LLP
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File an amendment on Forms 1040X and 540X.
Answered on May 07th, 2015 at 1:26 AM