I sold a personal residence at a loss in 2016 but forgot to report it. Can I report the sale and loss on my 2018 return or do I need to amend 2016?
The sale of a personal residence at a loss is not reported on a tax return. Unless you received a Form 1099-S for the sale then it must be reported (gain or loss). Although with a loss no taxes will be owed. If required to be reported it can only be reported on a tax return for the year of the sale.