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Level 1
posted Jun 4, 2019 6:23:24 PM

If I amend capital loss carryover for 2014 & 2016 do I also need to amend 2015 to get correct loss carryover for 2017.

If I amend capital loss carryover for 2014 & 2016 do I also need to amend 2015 to get correct loss carryover for 2017.

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Level 15
Jun 4, 2019 6:23:26 PM

yes...the 2014 correction needs to be reflected on the 2015 return which then affects the 2016 return...etc.  The loss carry forward  is a domino effect.

2 Replies
Level 15
Jun 4, 2019 6:23:26 PM

yes...the 2014 correction needs to be reflected on the 2015 return which then affects the 2016 return...etc.  The loss carry forward  is a domino effect.

Level 1
Jun 4, 2019 6:23:27 PM

Thanks.  So if 2014, 2015 and 2016 are all accepted the new loss carryover will be 2016 amended.