Schedule E Red Flags

[Account Closed]

Hi,

I looked on my returns this year on my schedule E and on one of my rentals my CPA didn’t put an amount in my utilities section. Would that be a red flag for the IRS for audit? The building is a multi family 6 unit. 

Should I go back and file an amendment just to rectify that utilities issue? Is it worth it? Would it open a can of worms for more problems?

Thanks again for your response. 

[Daniel Hyman]

You may want to ask your CPA if the $7,800 was included in a different line, or if it was missed altogether. If it was completely left off, find out what the overall tax implication is.