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Updated over 1 year ago,

User Stats

29
Posts
19
Votes
Maggie W.
  • Rental Property Investor
  • Los Angeles, CA
19
Votes |
29
Posts

Forgot to enter $4k in HOA fee expenses last year. Should I amend or lay low?

Maggie W.
  • Rental Property Investor
  • Los Angeles, CA
Posted

For some reason, the $4k in HOA fees I write off every year are not on the 2021 return, as I'm reviewing them and doing 2022. It appears to signify $800 additional taxes out of my pocket for 2021. So which is a bigger red flag: filing 2022 with a big discrepancy between the two years' expenses or amending a prior years' taxes?

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