jblynch
Level 3
08-20-2023
05:23 PM
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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
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