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jlaw6402
Level 2

Should I file my taxes even though my previous year amended hasn't been accepted yet?

So right now, I have 2019 losses that I want to carry over into 2020, should I wait until my 2019 amended return is processed or should I proceed 2020 as if my 2019 amended return is processed? This is for cryptocurrency losses.
4 Replies
Critter-3
Level 15

Should I file my taxes even though my previous year amended hasn't been accepted yet?

Proceed ... you do not need to wait.  

jlaw6402
Level 2

Should I file my taxes even though my previous year amended hasn't been accepted yet?

Proceed as if my 2019 amendment was processed?


Sorry for reiterating my question, basically I'm worried about the -3000 capital carry-over loss would waive a red flag since my original 2019 return does not have any losses. Only my amended one.

Critter-3
Level 15

Should I file my taxes even though my previous year amended hasn't been accepted yet?

YES ... you do NOT need to wait the 6 + months the IRS will take to process the 2019 amended return to file the 2020 return.  

jlaw6402
Level 2

Should I file my taxes even though my previous year amended hasn't been accepted yet?

Thank you very much!

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