jrollo Posted February 11, 2012 Report Share Posted February 11, 2012 Taxpayers in 2009 had over $7,000 in capital loss (sell of stock). The loss was an account owned by the husband. In 2009 and 2010 the couple filed MFS with the husband taking the maxiimum loss each year. He still has a carryover amount remaining on this tax year. In addition, the couple had a capital loss in 2011 of approximately $6000 (sell of stock); however, this account is jointly owned. My question is this: If they filed MFS this year may the wife take the loss on the joint account on her return? Thank you, Jeff Quote Link to comment Share on other sites More sharing options...
Lion EA Posted February 11, 2012 Report Share Posted February 11, 2012 $1,500. Quote Link to comment Share on other sites More sharing options...
jrollo Posted February 11, 2012 Author Report Share Posted February 11, 2012 Lion: Thank you for the information. Well take the $1,500 loss on both return. Jeff Quote Link to comment Share on other sites More sharing options...
TAXMAN Posted February 14, 2012 Report Share Posted February 14, 2012 Doesn't death of one of the spouses also reduce the carry over the next year to half? TP's been filing MFJ all years. Quote Link to comment Share on other sites More sharing options...
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