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.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra