I forgot to file a 1099-B in my tax return( loss over $60,000)
I suppose I should fill out a 1040X
In filling out 1040X, everything in column A will be the same in column C ?
Not getting any additional tax refund( already carried forward $3000 from previous tax losses.)
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Yes, you are correct that there will be no change if you already had prior $3,000 carryover losses. But you must file to show the $60,000 loss and the carryover losses. Also, the IRS has a copy of the 1099-B and will be looking for the gross proceeds and basis from it on your tax return.
Yes, you are correct that there will be no change if you already had prior $3,000 carryover losses. But you must file to show the $60,000 loss and the carryover losses. Also, the IRS has a copy of the 1099-B and will be looking for the gross proceeds and basis from it on your tax return.
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