jblynch
Level 3

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

0 Cheers
Terry53029
Level 14
Level 14

Here is a link from IRS " should I file an amended return" 

https://www.irs.gov/help/ita/should-i-file-an-amended-return

sjrcpa
Level 15

I would not amend the 540 for that. 

I would note in my workpapers the correct carryover.

The more I know, the more I don't know.
jblynch
Level 3

Thanks for responding!