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 Nys Form St 124 2015

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Instructions and help about Nys Form St 124

all right for this video I wanted to go over IRS form 6781 gains and losses from 1256 contracts but specifically we want to look at how do we do a net section 1256 loss carry back claim so in the sample fact matter we're going to be looking at here it's a 2022 tax year where the taxpayer incurs a loss and he's going to be carrying this back to his 2019 and 2021 tax years so as far as what we have in front of us I have the 6781 for the current period and then we are going to be completing the carry bag claim on the 1045 so when you do a 1256 carry back you can either complete this 1045 to compute the decrease in tax get your refund or you can file amended returns for those actual years we're not going to do that we're going to just do the 1045 instead so in addition to these items I also have the the 2019 original return for our taxpayer here so you can see he had a gain here and this is what we're going to be carrying back to and then he

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