DianeW777
Expert Alumni

Get your taxes done using TurboTax

Yes, you should amend your 2023 to include the 2022 capital loss carryover so that you have the advantage of using it. Any excess will be allowed to be carried to 2024. 

 

An amendment is the only way the IRS will have the information allowed to be used in 2024.

 

Yes, you can enter the correct number before you actually file your 2023 amendment, however you will want to complete that return and send it in. Eventually the IRS will reconcile the returns which means you want them to see the accurate picture and not change your 2024 tax return. Reconciliation should be faster, however it can take much time.

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