$3K Carry Loss Forward question

tiddlywinks said:
When you figure the amount of any capital loss carryover to the next year, you must take the current year's allowable deduction into account, whether or not you claimed it and whether or not you filed a return for the current year.
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uhhh ohhhhhhh....maybe your former accountant is correct :)
 
algofy said:
Don't follow this advice. The carry over is logged in their system and it's all automated so they will fry you the same as the bigger fish. Research CP2000 notices. Vandy maybe best to stick with music recommendations and leave tax advice for others :)
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I dunno...if they really have all this automated (not disputing that...) and went after everyone equally, they'd be able to bust half the country. How many people don't report their $11 of interest from their bank savings accounts?
 
ET180 said:
I dunno...if they really have all this automated (not disputing that...) and went after everyone equally, they'd be able to bust half the country. How many people don't report their $11 of interest from their bank savings accounts?
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If it's under a certain amount the bank will not issue a 1099-int, if it's issued and you don't report it they (their computer) will send you a letter.
 
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