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June 5, 2019
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If I amend capital loss carryover for 2014 & 2016 do I also need to amend 2015 to get correct loss carryover for 2017.

  • June 5, 2019
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If I amend capital loss carryover for 2014 & 2016 do I also need to amend 2015 to get correct loss carryover for 2017.

Best answer by Critter

yes...the 2014 correction needs to be reflected on the 2015 return which then affects the 2016 return...etc.  The loss carry forward  is a domino effect.

1 reply

Critter
CritterAnswer
Employee
June 5, 2019

yes...the 2014 correction needs to be reflected on the 2015 return which then affects the 2016 return...etc.  The loss carry forward  is a domino effect.

stratus43Author
June 5, 2019
Thanks.  So if 2014, 2015 and 2016 are all accepted the new loss carryover will be 2016 amended.