can ammended tax return be used to reduce tax owed?

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can ammended tax return be used to reduce tax owed?

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10-30-2009, 02:01 AM

duran

Junior Member

Join Date: Oct 2009

Posts: 1

can ammended tax return be used to reduce tax owed?

for 2007 i had a large stock loss, owed money and i filed very late (after 2008 taxes were filed). i obviously did not inlcued the 2007 carry over loss in the 2008 tax return. can i file an ammended return to reduce the money i owe the gov't for 2008? if not can i continue to claim the carry over loss on the 2009 tax return?

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