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posted Jun 6, 2019 5:26:08 AM

Capital loss carryover worksheet under-reported loss for 2010 tax year. How to correct?

The amount of loss under-reported is exactly $3000. Something got subtracted instead of added to the original worksheet and carried over for the last six tax years I never picked it up until a sibling with the same loss, from sale of parent's home, reported an extra year remaining for the identical loss. how to correct carryover?

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1 Best answer
Level 15
Jun 6, 2019 5:26:09 AM

2010 is barred by statute and can no longer be corrected.  You did not have some capital gain income in an earlier year that used up some of the losses did you?

1 Replies
Level 15
Jun 6, 2019 5:26:09 AM

2010 is barred by statute and can no longer be corrected.  You did not have some capital gain income in an earlier year that used up some of the losses did you?