itonewbie
Level 15
12-06-2019
09:34 PM
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Supposing the overstatement was not due to mathematical or posting errors and the adjustment is less than $50k, your client may elect to include the entire excess on the 2018 return. Otherwise, you'd spread that over 4 years between 2018 and 2021.
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Still an AllStar
Still an AllStar