Since i do not want to deal with the NOL and lost the passive loss, and that i have enough from standard deduction to bring the AGI to 0 without using the 25000 special allowance, i think my option is to amend the return and remove the active participation status. is this amendment ok? I do qualify for active participant, but i dont want the special allowance, is there any way to opt out? if not, is it ok if i amend the return to remove the active partcipant status?
also, if i need to amend 2016 return, can i file 2017 return using the correct figures that i know of as if the 2016 return is amended first, get 2017 file first, then amend 2016? or do i have to amend 2016 first, have that sorted out and accepted by IRS, before i can file 2017? for mortgage reason, i am asked to file my 2017 return right away, thats why the urgency. thanks!
