j5th
New Member

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Thanks Mike, I believe because I already claimed my maximum 3,000 from 2017-2019 it makes sense why he did it this way. Any suggestions?

 

This is the accountants statement when I had him amend 2017:

 

I just wanted you to know that there is a good reason to Amend the 2017 return, but that it will not yield an immediate Refund.  The Amendment would be to claim additional Losses, but you have already taken the maximum loss for the 2017, 2018 & 2019 year.  The reason it still makes sense is that you can still carry the balance forward to be deducted in future years, or help offset gains as well.  I would suggest Amending the 2017 return and attaching a schedule showing the effect on the 2018 & 2019 return, showing the net available carry-forward to the upcoming 2020 tax return.  This would avoid having to Amend each of the 2017, 2018 & 2019 years.