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Business & farm
no 1256 gains in 2020 then the carryback is to 2021. I would do the c/b from 2022 first. you'll probably get your 2021 refund sooner than if you wait to do both 2022 and 2023 c/b to 2021. c/b can take up to 6 months to process. The downside is that you'll have to amend 2021 twice.
‎December 7, 2023
9:32 AM