I have a missing 2022 $500 investment loss not reported in my 2022 tax returns. There is significant capital loss carryover from 2021 to 2023. It is only in 2024 that this $500 capital loss shows tax reduction. I understand I have to report the loss in the year occurred. For this $500 capital loss, this impacts 2022, 2023 and 2024 tax returns due to capital loss carryover. Is there anyway I can just report in 2024 amended tax returns, instead of having to report amended 2022, 2023 and 2024 tax returns?
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It’s your return so you can do what you want. If the IRS asks how you established the loss you could explain it. If they don’t accept your explanation then you could amend your returns at that time.
It’s your return so you can do what you want. If the IRS asks how you established the loss you could explain it. If they don’t accept your explanation then you could amend your returns at that time.
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