Serbinski Accounting Firms

thanks for the clarification. how far back could i go in reporting my 8891 earnings or losses, 5 years? My accounts had a huge loss in 2008 and a small one in 2011...that makes me think the IRS may owe me at the end.

In regards to this, I have an interesting scenario. Some years my Can. retirement accounts have had huge increases (dividends/interests and so on). Some other years they've had huge losses. Should it make more sense to [u]not select to defer taxes[/u], file 1040x and declare the increases as gains a...