How do i get a loss carryforward when changing filing stats

terryruth_17 · ‎12-07-2019

husband and wife are currently engaged in divorce action and previously filed a MFJ they are both filing as MFS this year. there was a loss carryforward for the previous sale of real estate how do I enter the spouse's share of the loss carryforward on the 2018 return?

itonewbie · ‎12-07-2019

The regulation requires that cap loss carried forward from prior years be allocated based on separate cap gain and loss calculated for each spouse.

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TaxGuyBill · ‎12-07-2019

Capital loss carryovers are entered on the Federal Carryover Worksheet.

Click the green "Where do I enter?" button and type "fed" to get there. About 1/2 down starting on line 12.

However, just to back up a second, you may want to double-check the loss from the sale of real estate properly created a capital loss. A loss from personal-use property is not deductible, and if it was from a rental or business, that loss would have been fully allowed in the year of the sale. So only property that was not personal-use or business/rental use would have created a capital loss carryover.