rjs
Level 15
Level 15

Deductions & credits


@amyonghwee wrote:

Is there anyway I can just report this loss on 2024 tax return?


No, there is no way to just report the loss on your 2024 tax return. As Bsch4477 has said, since the loss occurred in 2022 you have to report it on your 2022 tax return, then carry it forward. You cannot report the initial loss on your 2024 tax return.


If you only amend 2024 and show a capital loss carryover that is greater than the carryover from your 2023 tax return the IRS will just disallow the excess loss carryover.


Do not mail more than one amended return in the same envelope. Mail each amended return in a separate envelope.

 

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