Skip to main content
Level 1
February 24, 2020
Solved

AR ST capital loss carry forward and impact caused by death of one spouse

  • February 24, 2020
  • 3 replies
  • 25 views

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?

This topic has been closed for replies.
Best answer by sjrcpa

Correct, but OP didn't mention that.

3 replies

sjrcpa
Level 15
February 24, 2020

It dies with him.

The more I know the more I don’t know.
Intuit Community Champion
February 24, 2020

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

sjrcpa
sjrcpaAnswer
Level 15
February 24, 2020

Correct, but OP didn't mention that.

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