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March 2, 2020
Question

Can I deduct tax payments for prior year mistake?

  • March 2, 2020
  • 1 reply
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I made a mistake on my 2017 tax return which the IRS uncovered in 2019.  The result was I had to pay back taxes in the amount of about $1500 plus interest.  Can I deduct any of this expense?

1 reply

CatinaT1
March 2, 2020

No.  This wasn't an expense, this was tax that wasn't paid.

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