Line 7 was $5 which is for a fractional share.
My letter to the IRS explaining my two corrections included the following information pertaining to the $661 for not applying my $3k loss carryover :
I have not received a refund for the other Capital Loss carryover correction, which is explained below:
When I was doing my 2023 Federal tax return using TurboTax I apparently made a mistake and incorrectly selected ‘No’ when asked if I wanted to use $3,000 of my remaining Capital Loss Carryover. My 1040X was intended to amend this Capital Loss Carryover omission along with adjusting the interest income correction.
By not using the $3,000 maximum Capital Loss Carryover on my 2023 Federal tax return this resulted in me paying $661 too much in Federal tax - which is the reason for my amended 1040X tax return. I expect to receive a refund of $661 to correct this.
At the time I was working on my 2023 Federal tax return I had $233,898 Capital Loss carryforward to tax year 2023 after filing my 2022 taxes.
By mistake, no Capital Loss Carryover was used for my 2023 Federal tax return which I want corrected/adjusted per my 1040X amended tax return.
The following is my Capital Loss Carryover amounts for the past few years:
2020: $242,910 ($239,898 to be the carryforward amount for 2021)
2021: $239,898 ($236,898 to be the carryforward amount for 2022)
2022: $236,898 ($233,898 to be the carryforward amount for 2023)
2023: $233,898 (After adjusting 2023 Form 1040-SR per 1040X amendment and refunding me $661, there will be $230,893 to be the carryforward amount for tax year 2024)
► The IRS rep that returned my phone call saw my previous years carryover amounts and agreed that I had $236,898 for 2023 of which I could use $3k.
Please forward to me a refund check in the amount of $661 to adjust my 2023 Form 1040-SR.
