jblynch
Level 3
08-20-2023
05:23 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I'm amending a series of client returns for years 2020 and 2021 due to client omission of a LTCL in 2020. The 2021 540 had no liability so the only impact here is through the Fed AGI use of the implied $3K limit on the LTCL. The filing of a zero-impact X form just because the implied Fed carryover would reduce does not appear to make sense. Am I correct? Thanks in advance! jl
Labels
Terry53029
Level 14
08-21-2023
08:29 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Here is a link from IRS " should I file an amended return"
https://www.irs.gov/help/ita/should-i-file-an-amended-return