In 2013, I had profits from trading futures contracts, and that profit was reported on Form 6781 of my 2013 tax return. In 2014, I had losses from trading futures contracts. My CPA is amending my 2013 tax return to carry back the 2014 futures loss to 2013.
Also, when my 2013 tax return was filed, no Schedule C was included. Since then I have identified some business related expenses, so I would like my CPA to amend the 2013 tax return to include a Schedule C along with the futures loss carry back.
But my CPA said that he can only amend the 2013 tax return to carry back my futures trading loss. He said that he is not allowed to include a Schedule C at the same time. He said that he could include a Schedule C in a subsequent amendment, just not the same amendment that includes the futures loss carry back.
Is it true that you cannot amend a tax return to include both a futures loss carry back and a Schedule C at the same time?