tilt Posted June 1, 2009 Report Share Posted June 1, 2009 Hi folks, I have a CA client who just divorced (community property state) and I know we can have a client do a nominee distribution for mortgage interest and other things. Here's the twist. For 2008 he was still married & filed joint and had approx. $65,000 of LT cap. loss. He claims the stocks were all in his name only. My understanding is that he has to split the loss C/F with the ex-wife. Can she do a nominee distribution "giving back" her portion of the C/F? Does this make any sense? If she can't do it, why not? As always, I appreciate your responses. Quote Link to comment Share on other sites More sharing options...
jainen Posted June 1, 2009 Report Share Posted June 1, 2009 >>My understanding is that he has to split the loss C/F with the ex-wife<< Is your understanding based on an actual determination made by the family court? Because that is the only thing that counts, and it is readily available. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.