ROBB754
Level 1
06-01-2021
10:43 AM
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Received late k-1 with capital loss, but the original return had already used the $3000 from previous capital loss carryforward, so there was no increase in tax to report.
How do I report the increase in the capital loss carryforward, since this does not show in the change schedule of the 1040X?
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Level 15
06-01-2021
10:47 AM
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The Sch D should reflect the increased loss carryforward. In the explanation box, be sure you explain that this is the only change to the return.
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