Deductions & credits

Hi thank you very much for your answer!

 

I am a little confused however by this: "If filing late would result in penalty or interest, you are probably too close to the extended filing deadline for 2018 tax returns to delay that filing any more.    If your amended 2017 tax return will have either a short-term or long-term loss carryover or a change to some other carryover, your choice will be to prepare your 2018 tax return as if you were not going to amend 2017, then amend 2018 to incorporate the changes after amending 2017, or prepare your 2018 tax return using the anticipated carryover amounts that will be shown on the amended 2017 tax return (then amend 2018 if those anticipated amounts end up being incorrect)."

 

My situation: I will have penalty and interest. I will have both short and long term carryovers which will be in the new version of my 2017 tax return (Amended) I must file by October 15th. No doubt.

 

So should I use anticipated carryover amounts in my 2018 tax return WHILE the IRS processes my amendment for 2017?