Amending to add margin interest but Form 4952 didn’t generate

shoenberg3
shoenberg3 Member Posts: 1 Newcomer
in After you file

I’m amending 2022 and 2023 to report margin interest so I can carry it forward. Used FreeTaxUSA, entered the interest, but Form 4952 didn’t show up in the amended forms. No change in tax since I’m still taking the standard deduction. I believe that I should have significnat carry forward left because all of my sales were long term capital gains, and my margin interest for year 2022 was over 17K (which I failed to report in few years ago).

Questions:

  1. Is it fine to fill out Form 4952 manually and include it with the 1040-X so the carryforward is recorded?
  2. Do I need to fill out something similar for California state taxes (form 540 I think)?
  3. Should I mail 2022 and 2023 amended forms in separate envelopes to the IRS?

Thanks for the help!!!

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