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Deleting deductions in an amended return
Hello,
I filed my taxes on time, but realized I need to remove a deduction for health care premiums and change the amount I deducted for business related moving expenses. I had to pay at filing time and these changes will require me to pay more.
Two questions:
1) Will these changes trigger an audit? I will be removing a deduction of about $9,200 for health premiums and removing around $2500 for business related moving truck expenses.
2) If I amend I will need to give a reason for each change. What can be said for these changes that won’t trigger an audit?
Does TurboTax automatically calculate the additional amount due plus the penalties for paying more?
Topics:
a month ago