Loss limit Single

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  • arlo
    Senior Member
    • Feb 2008
    • 285
    #1

    Loss limit Single

    IRS say loss limit is $3000. and $1500 if filing MFS.
    Is single $1500 also. First time I have run into this. (10yrs)
    Tags: None
    • jimfrombx
      Member
      • Jan 2012
      • 40
      #2
      Single is also $3,000.

        Comment

        • FEDUKE404
          Senior Member
          • May 2007
          • 3650
          #3
          Answer

          Allowable MFS amount is half of the allowable MFJ amount.

          There is no such reduction for S or HOH.

          Caveat: Be careful in MFS scenarios as to which spouse actually owns the assets sold!

          FE

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