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Sounds like Primelending sent you a 1099-MISC indicating the amount advanced to you under the construction loan contract was non-employee compensation...
Primelending screwed up here. And your accountant did as well. Your accountant should not have told you to ignore. They reported income paid to you to IRS, you did not report the income on your return. I am certain the dollar amount in question was material, so the IRS notice was guaranteed.
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Jacob
Current: 1983 911 GT4 Race Car / 1999 Spec Miata / 2000 MB SL500 / 1998 MB E300TD / 1998 BMW R1100RT / 2016 KTM Duke 690
Past: 2009 997 Turbo Cab / 1979 930
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