Last year i forgot to add deductions for lasik medical and partial closing costs can use them this year?Harmony
Am I able to add these itemized deductions totalling about 4, 000$ this year (2007), or will I have to ammend last years tax return?
Earl
You will have to amend last year.A couple of things to keep in mind:1) Total medical expenses are only deductible to the extent that they exceed 7.5% of your income.2) Most closing costs are not deductible. Pretty much the only closing costs that are deductible are points and/or loan origination fees on only if they are related to a purchase. If it was a refinance, you must spread these out over the life of the loan.
Elois
Yes tell your preparer you wish to amend last years return...
Ladonna
No, you can't claim them this year if they were paid last year, but you can amend last year's return to deduct them.
Darci
Please amend last year's tax returns.
Lorri
You can claim deductions only on the return for the proper year or an amendment to that return. You cannot claim them on a later year's return because you forgot.
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