MG2
Level 1

AR capital loss carryforward and death of spouse. Couple had been MFJ on federal, status 4 on AR. What happens to deceased 's share of capital loss carry forward at death?

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sjrcpa
Level 15

It dies with him.


The more I know the more I don’t know.
Terry53029
Level 15
Level 15

I believe if  the assets were jointly owned the surviving spouse will continue their half of the carryover loss

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sjrcpa
Level 15

Correct, but OP didn't mention that.


The more I know the more I don’t know.

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