USA 593 withholding question in relation to yearly tax filings


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Hello team, How is everyone doing? Hope everyone is safe from Covid 19 and you are at your best.

I have recently sold a property (flip transaction) and claimed loss in my 593 form while closing the sale. Now I realized that the loss I made is more than what I initially claimed. How this can be adjusted? Do I have an opportunity to claim this loss or increased loss during my annual tax returns?

Please advise.
 
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kirby

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The instructions for form 593 tell you how to amend the form.
 
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Thank you Kirby. Once amended, should the updated form submitted during annual filing time or I need to do it now and get it processed via escrow company?
 
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