jrollo Posted March 8, 2009 Report Share 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 Link to comment Share on other sites More sharing options...
fredazcpa Posted March 8, 2009 Report Share 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 Link to comment Share on other sites More sharing options...
jrollo Posted March 8, 2009 Author Report Share 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 Link to comment Share on other sites More sharing options...
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