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Capital Losses upon Death

AlmostRetired
Level 1

I have a client that is filing as single in 2023 and she passed away in 2023.   She has stock losses of $3,700 and I would like to take the entire loss instead of just $3,000.   Does anyone know how to enter this in ProSeries?   Thank you in advance

0 Cheers
4 Comments 4
ljr
Level 8

you can't 

IRonMaN
Level 15

She took the extra losses with her to that big 1040 in the sky.


Slava Ukraini!
Accountant-Man
Level 13

Can you tell us the IRC section or regulation that says that you can?

(ps You can't)

** I'm still a champion... of the world! Even without The Lounge.
BobKamman
Level 15

I had a client who died with a $200K capital loss carryover.  I was sorry for her loss.