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Get your taxes done using TurboTax
“I did not have to pay taxes last year” and “It did not affect the amount of taxes I paid” doesn’t fully describe your details. To be safe, you should file an amended return for 2016. Even when no tax is owed, some of you capital loss carry forward will be “consumed” on each year’s return. To accurately calculate the carry forward to 2017, you should prepare an amended return (even if you don’t actually file it) or consult a tax pro to accurately calculate the carry forward and determine if you must amend.
June 6, 2019
7:39 AM