1040X Carryback Claim 2021 information transfer to 2022 to amend 2022

[Medicineman]

I filed amended returns for 2020 and 2021 both were "Carryback Claims".  In 2020 a long term capital loss was incorrectly reported as a short term loss. The IRS has completed the 2020 1040-X and no change was required.  The 2021 1040-X is in process with the IRS.  I must file the 2022 1040-X now (soon). Then I will file my 2023 taxes before the extension date of Oct 15, 2024.  My reason for the amendments is that I had a long term capital gain in 2023 and need the long term capital loss correct in order to be taxed the correct amount. The question is:  Can I get the 2021 1040-X info into my 2022 Turbo Tax Deluxe CD for the Amendment 1040-X to file for 2022?

Or do I need to put the figures in myself.  Will the Capital Loss carryforward  worksheet update or do I need to manually insert the figures?

[marctu · Accepted solution]

With doing multiple amendments, 2020 and,  you most likely did not transfer the amended tax file from 2020 prior to starting the 2021, so the Capital Loss carryforward worksheet should be manually adjusted for 2022.  If you have not started 2023, you can start with the amended tax file for 2022 and it should have the correct Capital Loss carryforward for 2023.  

Thank you for the opportunity to answer your questions @Medicineman 

All the best,

Marc T.

TurboTax Live Tax Expert

[Medicineman]

Thank you for your answer.  I see now that I the amendment for 2021 is not showing since I sent the amendments in the mail and they were not e-filed. 

[Medicineman]

It looks like I will be doing  figures manually.  Thanks again for your advise.