couple has a Capital Loss carryover of $21000. Do they split this amount? Nothing is stated in the divoce papers.
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Noel
"Some cause happiness wherever they go; others, whenever they go."- Oscar Wilde -
Whose losses are these? Joint, then yes you split. Otherwise it goes by ownership. -
Not sure
whose name(s) were on the stocks sold. Husband handled all the finances and the wife (my client) doesn't know how the stock were titled. We are in Illinois so not a community property state.
How would you handle this?Noel
"Some cause happiness wherever they go; others, whenever they go."- Oscar WildeComment
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The losses follow the ownership that created the loss.Comment
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