Message Font: Serif | Sans-Serif
No. of Recommendations: 0
TMFPMarti writes:

That's because you're answering a question that wasn't asked (basis for the surviving spouse going forward) rather than the one that was (capital loss carryovers by surviving spouse).

I reply:

My concern is the possibility that papaduke101 simply assumed that the wife's basis didn't change because the account was titled in her name individually. I don't think that's always the case, and given that papaduke101 began the process of getting up to speed via an Internet search, it's possible he made an unfounded assumption.

In other words, I'm not willing to assume papaduke101 is correct that there was a $9,000 capital loss in the first place without at least verifying the assumption. --Bob
Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.