I have just realized that I have missed 1 expense item (i.e. property taxes worth about $2300 ) in calculation of my rental property income in 2016.
If I amend the 2016 taxes but don't file it (say the refund was not increased significantly), will it be OK?
After amending my 2016 taxes, how will I know if my 2017 taxes (Federal and California State taxes that are already filed) are affected or not and whether 2017 taxes also need to be amended?
When I do my 2018 taxes next year, will the information from my existing 2017 taxes (if not amended) be transferred to 2018?
Anything to worry about?
