When I did taxes last year using turbo tax, I imported my 1099 from interactive brokers. I did not realize that 1256 transactions were not imported until doing this year's returns.
Last year, I lost money on futures contracts and did not report them.
I made money on futures contracts this year and hoped to offset the gains using last year's losses.
Can I amend last year's returns to carry forward the losses to offset this year's gains? If this is possible, can I do this year's taxes carrying the losses forward, or I can not offset the losses until the amended returns are accepted i.e. pay taxes on this year's gains first.
Thank you
