tax question-- for a capital loss in year 2003 of $2000?

Question

I have never claimed this loss before. Can I claim it now in this year's (2006) tax return?? Thanks !!

Answer 1

No, you'll have to amend your 2003 return to claim the loss. You have until tomorrow at midnight to have that in the mail, by the way as that's the drop-dead date for tax year 2003 refunds. No extensions are possible.

Answer 2

No. You would had to have claimed it in 2003. What you need to do is file a 1040X for 2003, but you would need to file that today, because you only have 3 years to file a tax return for a refund, and that would include an amended tax return. It is possible though that you would not have used it on your 2003 return, but would have a capital loss carryforward, and possibly used it in a subsequent year. But fill out that 1040X today.

Answer 3

Probably not. 3 years has passed, unless you can get an ammended 2003 postmarked by tomorrow (extention won't help) by Midnight... Did you do a loss carry forward? And a capital loss must first be netted against a Capital gain.
Not enough info to really give you an answer. Call a CPA.