Would like to amend 2015 tax return by lowering spouse (general partner) SE amount from passive rental income and adding that amount to self SE amount. Making self as general partner. The net result is no change in the taxable income and no change tax payable. Would amendment trigger audit?

Amendment

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Anytime an amended return is filed, there is the possibility of an audit. Amended returns are not processed by computer but are examined by hand. The IRS agent is not limited to reviewing the changes, so he/she may examine anything on the return. Real estate rental activities, even for real estate professionals, are normally not subject to SE tax.

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Would like to amend 2015 tax return by lowering spouse (general partner) SE amount from passive rental income and adding that amount to self SE amount. Making self as general partner. The net result is no change in the taxable income and no change tax payable. Would amendment trigger audit?

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Would like to amend 2015 tax return by lowering spouse (general partner) SE amount from passive rental income and adding that amount to self SE amount. Making self as general partner. The net result is no change in the taxable income and no change tax payable. Would amendment trigger audit?

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View/Select our Current List of Tax Topics

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