New client. Physical separation for 2+ years. She and soon-to-be X husband have filed joint all prior years. Each had over a mil in investments in 2004 (separate accounts).
He did all returns on Turbotax but there is no distinction between who's stocks had gains or losses.I looks as if he enterred everything in as joint ownership. All other info on returned is probably very accurate -- I know these people - he is a smart guy. I have copies of 1040s back to 2005. 65000 = loss ST and 23000 = losses LT --
I started a worksheet with activity on 1040s 2005 - 2007. In 2006 she put all her investments into a fixed annuity. He has convenvenced her to file joint every year - until this one.
I requested her prior year investment info. She brought in 4 huge note books with monthly details of transactions since 2003.
She does not want to request his. She wants to fil;e by 4-15-2009. She remembers that her losses were more than one half in 2004.
I have spent a few hours with her notebooks, trying to establish a reasonalble method to determine what her carryover losses are ---- too many unknows.
I want to split it down the middle and just give her half because it was never separated and she does NOT want to request his info.
Also he has paid in 2008 joint estimates of 40000 using joint 1040ES but own check book and she says she does not want to claim any estimates as paid on her return. Yes - she has a divorce lawyer . and "no" she has not discussed that with her attorney - She says it is her own choice..
(After reading what I wrote - I am thinking who cares? --- she will not worry that she owes 2 or 3 thousand)
What say you??
Jeannie
He did all returns on Turbotax but there is no distinction between who's stocks had gains or losses.I looks as if he enterred everything in as joint ownership. All other info on returned is probably very accurate -- I know these people - he is a smart guy. I have copies of 1040s back to 2005. 65000 = loss ST and 23000 = losses LT --
I started a worksheet with activity on 1040s 2005 - 2007. In 2006 she put all her investments into a fixed annuity. He has convenvenced her to file joint every year - until this one.
I requested her prior year investment info. She brought in 4 huge note books with monthly details of transactions since 2003.
She does not want to request his. She wants to fil;e by 4-15-2009. She remembers that her losses were more than one half in 2004.
I have spent a few hours with her notebooks, trying to establish a reasonalble method to determine what her carryover losses are ---- too many unknows.
I want to split it down the middle and just give her half because it was never separated and she does NOT want to request his info.
Also he has paid in 2008 joint estimates of 40000 using joint 1040ES but own check book and she says she does not want to claim any estimates as paid on her return. Yes - she has a divorce lawyer . and "no" she has not discussed that with her attorney - She says it is her own choice..
(After reading what I wrote - I am thinking who cares? --- she will not worry that she owes 2 or 3 thousand)
What say you??
Jeannie
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