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When amending a prior year's return, how do carryovers get updated in future years?
I've found I've done the Mortgage Interest deduction wrong (had a cash out which was used to buy rental property). I've just filed amended returns for the past 3 years. My question here now is how to account for that updated loss that carries over year to year in TurboTax? I want to make sure 2019 pulls in the right amount. Is it as simple as updating the carry forward number directly in a form within TurboTax. (Not done that before, just used the GUI). I use TurboTax Premier on my Windows computer (CD installed - not online). Thanks for the help!
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‎July 30, 2019
8:55 AM