Question
Joint capital loss carryovers - spouse dies - surviving spouse sells stepped up assets
Hi, a married person in California passed away in March 2020. There are joint capital loss carryovers on the return. The surviving spouse sold some stock in August 2020 that had been owned jointly, thus she has a stepped up basis.
How does this work? It seems like double dipping to get both the joint carryovers and the stepped up basis.
