Can we go back

Can we go back

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Interviewing a potential new client it was discovered that for three years the income and expenditure relating to three properties was reported in a company whereas the properties and mortgages were in the directors name. Small losses in both years which could have been offset against sch E income. What are the ramifications of restating?The losses are about £11000. Any suggestions
Simon Charing
Simon Charing

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