1040X for Schedule D

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Subject Author Date 1040X for Schedule D Dan Schumacher 04-17-2009  Re: 1040X for Schedule D Harlan Lunsford 04-17-2009  Re: 1040X for Schedule D Dan Schumacher 04-18-2009
Posted by Dan Schumacher on April 17, 2009, 1:41 pm Please log in for more thread options I just noticed that my loss carryover is extremely large. I traced the error to a data entry mistake in 2006 (two zeroes added to the basis of one stock). After using TaxCut to duplicate the original return with the correct data, and cascading the revised carryover numbers into a copy of my 2007 and 2008 returns, I now have a correct version of Schedule D for each of the 3 years. Do I need to file a 1040X with the revised Schedule D forms even though there is no change in tax liability? Or should I just use the correct carryover numbers as input for next year? Regards, Dan -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Posted by Harlan Lunsford on April 17, 2009, 4:17 pm Please log in for more thread options Dan Schumacher wrote: > I just noticed that my loss carryover is extremely large. I > traced the error to a data entry mistake in 2006 (two zeroes > added to the basis of one stock). After using TaxCut to > duplicate the original return with the correct data, and > cascading the revised carryover numbers into a copy of my 2007 > and 2008 returns, I now have a correct version of Schedule D for > each of the 3 years. Do I need to file a 1040X with the revised > Schedule D forms even though there is no change in tax liability? > Or should I just use the correct carryover numbers as input for > next year? > > Regards, Dan > Keep everything for your records in case it's ever needed, although I doubt it. Then, as the Bible says, 'go forth and sin no more.' (grin ChEAr$, Harlan Lunsford, EA n LA -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Posted by Dan Schumacher on April 18, 2009, 12:16 pm Please log in for more thread options Dan Schumacher wrote: > I just noticed that my loss carryover is extremely large. I > traced the error to a data entry mistake in 2006 (two zeroes > added to the basis of one stock). After using TaxCut to > duplicate the original return with the correct data, and > cascading the revised carryover numbers into a copy of my 2007 > and 2008 returns, I now have a correct version of Schedule D > for > each of the 3 years. Do I need to file a 1040X with the > revised > Schedule D forms even though there is no change in tax > liability? > Or should I just use the correct carryover numbers as input for > next year? > > Regards, Dan > Keep everything for your records in case it's ever needed, although I doubt it. Then, as the Bible says, 'go forth and sin no more.' (grin ChEAr$, Harlan Lunsford, EA n LA -------------------------- Thanks Harlan. Lesson learned: Pay more attention to return. Don't assume that software contains a crystal ball to catch and fix fumble fingered errors. Regards, Dan -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Similar Threads Posted 1040X for Schedule D carryover incorrectly filed in 2000 July 26, 2008, 12:09 pm 1040X Sch C HR-10 contribution June 11, 2008, 8:25 pm How Much to Take Back on Carryback 1040X September 2, 2008, 1:58 am Where do I send back IRS Form 8009 for my 1040x? 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