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A number of things carry over from one tax year to another.

Such as:
The cost basis of your IRAs if you have begun withdrawals.
If you have paid AMT due to income being exceptionally high one year, you may get it back in a subsequent year.
General Business Credit items.
Tax refunds.
Capital losses, if you had more than you could take in one year, there can be carry-over. Short and long term losses are reported separately. These carry over until exhausted or you die. In the meantime you can deduct $3000 annually.

To reconstruct deductions to which you may be entitled without past records involving any of those could be a real chore. I'd be lost without last year's tax return. Having someone else prepare the taxes wouldn't help--I'd still have to provide that person with the numbers!

If you don't have any of these carry-overs, you might not need your old return.

Best wishes, Chris

Best wishes, Chris
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