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Amended 1040X has no effect on taxes owed. Not going to file amended return then,
Two 1099B's came in March for $20 and $14. Since I had already efiled in February, I dutifully opened Turbotax to prepare a 1040X and added them to my investment returns, expecting to include a few bucks in extra taxes.
I forgot that I had a carryover loss for this year. It won't change my income, All this correction will do is reduce my carryover for next year by 34 dollars.
Indeed, Turbotax said my return had not changed, although the carryover should be a wee bit smaller. Hence, I decided not to file. Comments?
March 19, 2023
9:28 PM