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Capital loss not carried forward
I used a tax prep service in Florida 2012 then moved to Virginia. I was pretty busy with the new job and did not review the new tax prep service forms. I had a $103K loss on an investment property that was reported on that 2012 Fed income tax return that was not captured and carried forward. In my search for basis on my wife's IRA, I discovered this mess-up just now. Can I amend my return from 2013 to the present ... or maybe just the more recent ones ... to capture some of that capital loss? Since it was not tracked from year to year on my 1040s, is there any issue with me just restating it several years after this failure to carry it forward?
March 28, 2022
10:41 AM