topic Do I need to file a tax amendment for year 2015 as my capital loss carryover is less than what I reported? It doesn't change my tax liability for that year though. in After you file https://ttlc.intuit.com/community/after-you-file/discussion/do-i-need-to-file-a-tax-amendment-for-year-2015-as-my-capital-loss-carryover-is-less-than-what-i/01/387316#M76567 In year 2015 I had capital losses (~35k) with stocks. For one of them (UCO) I also received schedule K1. TurboTax added schedule K1 and 1099-B losses making it a bigger number (~59K). Unfortunately I didn't realize that and filed the return. <BR /><BR />This year I found this discrepancy and want to correct it. For that I'm not sure if I should file an amendment for the year 2015. My tax liability for that year is not changed with the correction as I could claim only $3000 deduction. The only change would be the capital losses (and carryover). Tue, 04 Jun 2019 19:10:57 GMT dhrjkshk 2019-06-04T19:10:57Z Do I need to file a tax amendment for year 2015 as my capital loss carryover is less than what I reported? It doesn't change my tax liability for that year though. https://ttlc.intuit.com/community/after-you-file/discussion/do-i-need-to-file-a-tax-amendment-for-year-2015-as-my-capital-loss-carryover-is-less-than-what-i/01/387316#M76567 In year 2015 I had capital losses (~35k) with stocks. For one of them (UCO) I also received schedule K1. TurboTax added schedule K1 and 1099-B losses making it a bigger number (~59K). Unfortunately I didn't realize that and filed the return. <BR /><BR />This year I found this discrepancy and want to correct it. For that I'm not sure if I should file an amendment for the year 2015. My tax liability for that year is not changed with the correction as I could claim only $3000 deduction. The only change would be the capital losses (and carryover). Tue, 04 Jun 2019 19:10:57 GMT https://ttlc.intuit.com/community/after-you-file/discussion/do-i-need-to-file-a-tax-amendment-for-year-2015-as-my-capital-loss-carryover-is-less-than-what-i/01/387316#M76567 dhrjkshk 2019-06-04T19:10:57Z I wouldn't file an amended return.  Make the correction i... https://ttlc.intuit.com/community/after-you-file/discussion/i-wouldn-t-file-an-amended-return-make-the-correction-i/01/387323#M76568 <P>I wouldn't file an amended return.&nbsp; Make the correction in your records and apply the correct carry forward to 2016 and beyond.<BR /></P> Tue, 04 Jun 2019 19:10:58 GMT https://ttlc.intuit.com/community/after-you-file/discussion/i-wouldn-t-file-an-amended-return-make-the-correction-i/01/387323#M76568 LudwigVan_fan 2019-06-04T19:10:58Z Thanks for your help Ludwig_Van_fan. I'll fix that going... https://ttlc.intuit.com/community/after-you-file/discussion/thanks-for-your-help-ludwig-van-fan-i-ll-fix-that-going/01/387329#M76569 Thanks for your help Ludwig_Van_fan. I'll fix that going ahead. Tue, 04 Jun 2019 19:11:00 GMT https://ttlc.intuit.com/community/after-you-file/discussion/thanks-for-your-help-ludwig-van-fan-i-ll-fix-that-going/01/387329#M76569 dhrjkshk 2019-06-04T19:11:00Z
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topic Do I need to file a tax amendment for year 2015 as my capital loss carryover is less than what I reported? It doesn't change my tax liability for that year though. in After you file
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https://ttlc.intuit.com/community/after-you-file/discussion/do-i-need-to-file-a-tax-amendment-for-year-2015-as-my-capital-loss-carryover-is-less-than-what-i/01/387316#M76567
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In year 2015 I had capital losses (~35k) with stocks. For one of them (UCO) I also received schedule K1. TurboTax added schedule K1 and 1099-B losses making it a bigger number (~59K). Unfortunately I didn't realize that and filed the return. <BR /><BR />This year I found this discrepancy and want to correct it. For that I'm not sure if I should file an amendment for the year 2015. My tax liability for that year is not changed with the correction as I could claim only $3000 deduction. The only change would be the capital losses (and carryover).
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Do I need to file a tax amendment for year 2015 as my capital loss carryover is less than what I reported? It doesn't change my tax liability for that year though.
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https://ttlc.intuit.com/community/after-you-file/discussion/do-i-need-to-file-a-tax-amendment-for-year-2015-as-my-capital-loss-carryover-is-less-than-what-i/01/387316#M76567
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In year 2015 I had capital losses (~35k) with stocks. For one of them (UCO) I also received schedule K1. TurboTax added schedule K1 and 1099-B losses making it a bigger number (~59K). Unfortunately I didn't realize that and filed the return. <BR /><BR />This year I found this discrepancy and want to correct it. For that I'm not sure if I should file an amendment for the year 2015. My tax liability for that year is not changed with the correction as I could claim only $3000 deduction. The only change would be the capital losses (and carryover).
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I wouldn't file an amended return.  Make the correction i...
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https://ttlc.intuit.com/community/after-you-file/discussion/i-wouldn-t-file-an-amended-return-make-the-correction-i/01/387323#M76568
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<P>I wouldn't file an amended return.&nbsp; Make the correction in your records and apply the correct carry forward to 2016 and beyond.<BR /></P>
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<dc:date>2019-06-04T19:10:58Z</dc:date>
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Thanks for your help Ludwig_Van_fan. I'll fix that going...
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https://ttlc.intuit.com/community/after-you-file/discussion/thanks-for-your-help-ludwig-van-fan-i-ll-fix-that-going/01/387329#M76569
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Thanks for your help Ludwig_Van_fan. I'll fix that going ahead.
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