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Financial Planning / Tax Strategies
|Subject: Carry Over of Capital Losses||Date: 9/14/2012 6:48 PM|
|Author: papaduke101||Number: 116585 of 125423|
I would appreciate feed-back on my understanding of cited subject that I have "Googled".
DW and DH have individual brokerage accounts and have always filed only joint federal tax returns since they live in Washington state.
In 2012, DH died. After his death, DW made only a one financial transaction when she sold a stock in her brokerage account that resulted in a $9,000 loss. In their final joint return for 2012, they claim a $3,000 loss.
In 2013 and 2014, DW does not sell any assets and thereby claims a $3,000 loss for each year when doing her federal tax return.
Is my understanding of this scenario correct?
Thanks in advance for your help, as always.
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