3698770
You'll need to sign in or create an account to connect with an expert.
No amendment of the 2024 return is necessary unless that return included issues that would carry over to 2024 such as capital gain losses.
There's little way for us to know exactly if you need/should do so or not.....ALL the details in your 2023 file would need to be examined......and this PUBLIC website that everyone can see is certainly not a place to where you can share your details.
______________________
That being said...is there anything in particular that you filed for 2023 that might change what you needed to claim on your 2024 file.
______________________________
Just spit-balling a few things that "might" help you if you amend 2024 Federal (but CA?...no clue)
1) Capital loss carry-over from 2023 to 2024. Did you have a major capital loss realized in 2023 taxes, that couldn't all be used for 2023. IF so, some or all of that excess loss might carry-over to 2024 and you would need Amend Federal, in order for it to be used in 2024 taxes, and may result in some Federal refund.
2) Huge....huge donations to charity in 2023, that couldn't all be used. Then the carryover excess could be used in 2024 taxes....but that only happens in rare cases with huge charity donations where you actually "Itemized" your deductions for 2023 (Schedule A). If you used the Std Deduction for 2023...then there is no carry-over....
3) If you itemized deductions for 2023, AND and you had a State Refund....AND your CA state Income&Property taxes were limited to the SALT $10,000 limit for your 2023 Federal tax return (again, Schedule A), then some of the state refund may not be taxable on the 2024 Federal tax return, and an amended Federal might help tax return.
___
Probably some other situations....but you'd need a pro tax preparer to review your situation to know for sure.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
easytrak2002
New Member
savannahlilg05
New Member
loreyann
New Member
Thomas-hymes90
New Member
edwinm2470
New Member