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Amend 2022 Taxes Timely
- File a 1040X form to amend your tax return for missed 2022 income.
- Do this ideally before the April deadline to avoid interest on unpaid taxes.
Specific Share ID for Harvesting
- Use specific share identification when tax loss harvesting mutual funds in taxable accounts.
- Avoid average cost method because it may sell profitable lots unintentionally.
Fix Tax Prep Errors Freely
- Request your tax preparer to fix errors on prior returns; they should correct mistakes at no extra cost.
- Verify mistakes before amending, as some perceived errors could be due to depreciation or other valid reasons.