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What to do if 2022 capital losses reported on 2022 return not carried over to my 2023 return, thus TT carryover amounts for 2024 include 2023 losses but not 2022 losses?

 
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1 Reply
rjs
Level 15
Level 15

What to do if 2022 capital losses reported on 2022 return not carried over to my 2023 return, thus TT carryover amounts for 2024 include 2023 losses but not 2022 losses?

You have to amend your 2023 tax return to include the capital loss carryover from 2022. Then you can use the amended 2023 return to calculate the correct capital loss carryover to 2024.


You can file your 2024 tax return before the 2023 amended return has been processed, or even before you have filed it. But you have to prepare the 2023 amended return in order to have the correct figures to calculate the carryover to 2024.

 

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