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bdk
Wrecking crew


Joined: 24 Mar 2008
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Tax deduction question
PostPosted: Tue Mar 20, 2012 11:00 pm Reply with quoteBack to top

If you dont take a deduction for say interest paid one year can you apply it to the following years tax return?

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dreamer
Demolition Man


Joined: 09 Aug 2007
Posts: 2101
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Re: Tax deduction question
PostPosted: Wed Mar 21, 2012 2:11 am Reply with quoteBack to top

If not U can file an amended return.

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bdk
Wrecking crew


Joined: 24 Mar 2008
Posts: 1611
Location: Hell

Re: Tax deduction question
PostPosted: Wed Mar 21, 2012 3:08 am Reply with quoteBack to top

but you can do it... like if you found out you could deduct something after you filed and just apply it to the following year vs amending

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Remember remember the fifth of November. Gunpowder, treason and plot. I see no reason why gunpowder, treason
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dreamer
Demolition Man


Joined: 09 Aug 2007
Posts: 2101
Location: Northern California

Re: Tax deduction question
PostPosted: Wed Mar 21, 2012 2:20 pm Reply with quoteBack to top

Check da gov't site: http://www.irs.gov/

IMHO U need to amend and take deductions like that in the year it was generated.

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