ZWu1
Level 3

After you file

Now 2 questions to follow up: 

 

1. The CPA, who made the math errors consistently for years, said I won't be able to adjust/correct all previous year's cumulative over-paid taxes in 2024, due to a cap or limit. Instead, I will have to adjust the cumulative amount over many future years (by filing 3115 each year). Is this right?

 

2.  Since I converted 1 of the 2 townhouses to self-use, I am no longer to do any adjustment/correction for that townhouse. That is, my over-paid taxes is forever lost. Is this right?

 

Thanks a lot!!