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Amend 2022 tax return for capital gains

I Had to sell some stocks from E-trade in 2022 but never filed the loss on my 2022 tax return. Id like to get that corrected so I can carry over the $3,000 losses into my 2023 tax returns ( I had to sell for a loss of $6,100 total ) and get the $3,000 deduction in the 2022 tax year.  Do I amend and file the 2022 tax returns with the 1040X form before submitting my 2023 taxes ? or can I go ahead and take the $3000 credit by putting in the 1099B info in for 2023 and going ahead and sending that through ? It was not clear how to fill out the 1040X form for the capital gains loss.

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1 Reply
DavidD66
Expert Alumni

Amend 2022 tax return for capital gains

You should amend your 2022 return before filing your 2023 return.  If you file 2023 first, there will not be a capital loss carryforward from 2022 in the IRS records and the loss on your 2023 return may be rejected as an error.  To amend your 2022 return, follow the instruction in this TurboTax Help Article:  How do I amend my federal tax return for a prior year?

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