Announcement

Collapse
No announcement yet.

Capital Loss Carryover - Deceased

Collapse
X
Collapse
 
  • Page of 1
  • Filter
  • Time
  • Show
Clear All
new posts
Previous template Next
    #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?
    Tags: None
    #2
    Originally posted by zeros View Post
    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.

    Comment

    Previous template Next

    Disclaimer

    Collapse

    This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.

    Working...
    X