Hello Experts,
Please help me, I think I'm in hot waters.
I foreclosed a property, our residence in Torrance, CA last 2009. My first preparer by the name of
Preparer A then reported the loss of $300,000 but did not touch my gross wages.
Now I heard that this (another) preparer,
Preparer B can use my foreclosure so at least I could have refund.
So I amended my 2009 last 2012. However, later in 2013, I received a letter of disallowance from the IRS.
I let
Preparer B do my returns for 2011 and 2012. My 2011 return did not have any net loss thereon. However, my 2012 had still some $100,000 carry over losses.
Since, I received that disallowance I have decided to look for another preparer.
My concern is about my 2013 return. Should I let my NEW tax preparer,
Preparer C ignore the carryover loss OR should I go on applying the carry over losses.
Before I could do my taxes on my own, but this time it's beyond me.
I am having audit nightmares already!
Please help me