Mary not the other Mary Posted April 28, 2021 Report Share Posted April 28, 2021 Taxpayer brings in an energy PTP K-1 after filing tax return. Changes income by $12 no change in taxes, but increases his passive loss carryforward by $411. If I file an amended/superseded return, does the Sch E2 and the carryovers go through to the IRS? Or am I just wasting my time filing a 1040X with $12 more income? Does the IRS track carryforwards or is that the responsibility of the tax payer? Quote Link to comment Share on other sites More sharing options...
Slippery Pencil Posted April 29, 2021 Report Share Posted April 29, 2021 wasting time just track the carryforward 2 Quote Link to comment Share on other sites More sharing options...
Abby Normal Posted April 29, 2021 Report Share Posted April 29, 2021 I don't believe the IRS tracks carry forwards, as crazy as that sounds. And I agree to just correct the return in ATX but not amend. The your rollovers will be correct. 1 Quote Link to comment Share on other sites More sharing options...
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