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Level 2
posted Jul 12, 2021 2:31:32 PM

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.

0 4 623
4 Replies
Level 15
Jul 12, 2021 2:54:23 PM

Proceed ... you do not need to wait.  

Level 2
Jul 12, 2021 3:07:04 PM

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.

Level 15
Jul 12, 2021 3:09:47 PM

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.  

Level 2
Jul 12, 2021 3:18:23 PM

Thank you very much!