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    Jaykid007's Avatar
    Jaykid007 Posts: 74, Reputation: 1
    Junior Member
     
    #1

    Feb 19, 2007, 04:40 PM
    Casualty Loss
    I have a client that filed a casualty loss on a mudslide for real property .The loss was reported in 2005. The client incurred an additional 20k in loss after the tax return was filed. Should I go back and amend the return to include the additional 20k or just add it to the 2006 return? Thanks
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #2

    Feb 19, 2007, 09:55 PM
    Amend the return.

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