Capital Loss Carryover - Deceased

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  • zeros
    Senior Member
    • Dec 2006
    • 921
    #1

    Capital Loss Carryover - Deceased

    Prepared a return for an deceased client. She had about $18K in losses for the year, and of course, could only deduct $3000.00. Are the carryover losses wasted at this point?
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    • Larmil
      Senior Member
      • Dec 2006
      • 621
      #2
      Originally posted by zeros
      Prepared a return for an deceased client. She had about $18K in losses for the year, and of course, could only deduct $3000.00. Are the carryover losses wasted at this point?
      Yes, the estate cannot use them.

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