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Submitted By: someone
Answered: March 1, 2021 9:09 pm
Answered: March 1, 2021 9:09 pm
I forgot to claim rental losses on my 2018 and 2019 returns. Can I amend them now?
An amended return to claim a refund generally can be filed up to three years from the due date of that return (or the actual filing date if after the due date).
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Tax Glossary
Appreciation in value
Increase in value of property due to market conditions. When you sell appreciated property, you pay tax on the appreciation since the date of purchase. When you donate appreciated property held long term, you may generally deduct the appreciated value.
