u/Extra_Confusion6894

Hi I bought a trust deed with some other lenders and the borrower didn’t pay. It was a piece of land and the lenders foreclosed on the borrower and acquired the land. I have the amount recorded of what the lenders paid for the piece of land at foreclosure and then the lenders sold the land after a while. I now know the amount recorded is my cost basis but when I filled out the California 593 form for with holding I entered a lower amount. Is it a problem if I enter the correct amount into my taxes? Will I get audited if these amounts don’t match? I don’t know if it will make a difference but both numbers result in a loss. Except the correct number is a bigger loss. Thank you for any help.