Filing Amended US Return when no tax is owed

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dmendel
Posts: 29
Joined: Sun Apr 23, 2006 1:13 pm

Filing Amended US Return when no tax is owed

Post by dmendel »

Realized that I made a mistake in my exchange rate calculations on last year's US return. Though it does not affect my tax owing (which is still $0), it does affect my Form 1116 Carryover amounts and amounts reported on 8891s. Should I bother filing a 1040X, or just keep a record of the correct amounts?
nelsona
Posts: 18366
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona »

You will need to amend it at some point to get the carryforward; might as well do so now.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing :D
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