I need to amend a return to change a passive capital loss to a regular capital loss. It will result in an additional refund of $4000 or so.
As a result of the change, other passive losses are released, etc. A rather complicated chain of events to get to the new result. I am tempted to just explain the change of this capital loss, and let it go at that, and see if the IRS will accept it. If they want more explanation, I can give it to them later. Or should I try to compile a very time consuming explanation now.
And comments or suggestions?