jmm8c
New Member

Amending multiple years to reflect updated loss carryovers

I have a rental property that sustained losses for two consecutive years (2019 and 2020).  This year (2021), I expect to have sufficient income to use the suspended losses.  However, I realized that the loss in the first year (2019) should be larger than it was because I forgot to include a large expense item (property taxes).  This increased loss will carryover to 2020 and then ultimately to 2021.  I figure out how to amend 2019 easily enough, but now I want to update the carryforward loss to 2020 and then to 2021.  Is there a way to do this automatically, or do I have to manually update the numbers?