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stratus43
Returning Member

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

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.

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2 Replies

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

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.

stratus43
Returning Member

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

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