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Updated almost 5 years ago on . Most recent reply

User Stats

67
Posts
32
Votes
Jack Zhuang
32
Votes |
67
Posts

Over paid in Tax return, what should I do?

Jack Zhuang
Posted

It's that time of the year, I decided to do my taxes early this year and submitted my tax return last week. As I'm going through my rental leases today, I realized I forgot about a one month vacancy in one of my properties and have falsely reported one extra month of rental income on my 2019 tax return.

I had a net profit for my combined rental properties in 2019 and overpaying for income which I didn't make hurts!! 

So what should I do? I already got my state tax return back. Can I deduct it from my 2020 income? thanks!

-Jack

Most Popular Reply

User Stats

2,834
Posts
3,901
Votes
Anthony Wick
  • Rental Property Investor
  • Ankeny, IA
3,901
Votes |
2,834
Posts
Anthony Wick
  • Rental Property Investor
  • Ankeny, IA
Replied

@Jack Zhuang

What kind of dollars we talking here? Seems like people are describing a lot of work and effort for very little different.

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