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Can we amend a closed tax year like 2012 do include the capital loss from 2011

sheili
Level 1
 
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mojocpa
Level 7

I believe you can, but the SOL for refunds comes in effect. It would help reduce a tax liability. 

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2 Comments 2
mojocpa
Level 7

I believe you can, but the SOL for refunds comes in effect. It would help reduce a tax liability. 

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George4Tacks
Level 15
What if the thought is to amend 2012 to increase the carryover for a missed carryover from 2011? Just checking the fog in my crystal ball.

Here's wishing you many Happy Returns
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