TAX QUESTION
PERSON SHOWS 5475.00 ON W2S. BOUGHT TWO PROPERTIES AND AFTER EXPENSES CONTRACTORS ETC. SHOWS A PROFIT OF ONLY 2500.00 EQUALS 7975.00 THEY WENT TO HR BLOCK WITH ONE DEPENDENT AND THEY DETERMINED SHE OWED 7000.00 .CLOSING CO. DID NOT MAIL 1099S SO THEY CARRIED IN THE TWO HUD1S .I WOULD THINK SHE WOULD RECEIVE EIC. WITH THIS RETURN .DOES ANYONE KNOW THE PROPER WAY TO REPORT THE EARNINGS FROM THE HUD1 SO I MIGHT INFORM HR BLOCK AND OURSELVES SHE HAD ONLY 167.00 WITHHELD ANYONE HAVE AN IDEA .THANKS
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