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Level 2
posted Feb 23, 2023 9:58:23 AM

@2022 Taxes Completed but Can't E-file because of one Issue

I sold a vacant building lot for a loss in May of 2021, but received the 1099  after I had filed my 2021 Taxes. I recently filed an amended tax return for 2021. The amended return didn't inport to my 2022 tax return so the selling date shows up as 2021 on my 2022 returns and it will not let me E-file my return. Can it be fixed?

 

Thank You

 

Raymond [removed]

0 3 447
3 Replies
Expert Alumni
Feb 23, 2023 10:17:54 AM

The sale from 2021 should not be reported on your 2022 taxes.  You will simply need to go back to Federal>>Income and Wages>>Investments>>then edit next to where it is showing and delete the sale of the property.

 

You can also go to Tax Tools>>Tools>>Delete a Form>>Delete next to the 1099-S or other form reporting that sale. 

Level 2
Feb 23, 2023 10:24:34 AM

If I delete the form then I will lose out on my deduction for taking a loss on the sale of the property. I guess the only fix is to print and mail the returns.

 

Thanks

Ray

Expert Alumni
Feb 23, 2023 10:47:49 AM

No, printing and mailing the return is not the solution here.

 

Vanessa A is correct, since the sale was in 2021, the loss can only be taken there. Since you have amended your 2021 return to claim that loss, you took the loss there. 

 

If you have a capital loss carryover because of that, you can enter that on your 2022 tax return.

 

Here is how to enter a capital loss carryover:

 

  1. Select Federal from the left side menu.
  2. Select Wages & Income.
  3. Scroll down and look for Investments and Savings, expand the section.
  4. Click Start or Revisit to the right of Capital Loss Carryover.
  5. Answer the first question Yes.
  6. Enter the numbers from your 2021 amended return.