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This category page will include discussions covering carryover issues like proving basis/original calculation, lack of any need to amend - or even file - intervening years if not properly claimed but out of statute (or if just missed), capital loss carryforward process, corrections to the amounts of NOL carryforwards or carrybacks, etc.

It should also end up including some discussion of basis and the fact that the IRS can audit basis or old calculations in any year when that basis or calculation affects the taxable income/tax on the return.

Other search terms: "cap loss carryover" carryforward, carryforwards, carryovers, carry, depreciation, "old stock values" "loss C/F" and adoption credit carryforwards, carryover of other credits... [please add more search terms here if you feel some that might be used have been missed - thanks].

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