@hebroots wrote:
If I stop following this issue then the final return at my death will have to catch up with all the years I did not file.
Not exactly. Any unused capital losses (i.e., losses that were carried forward) are essentially lost/foregone upon your death.
Those who acquire any property (including stocks, bonds, et al) as a result of your death, use the fair market value on the date of your death as their basis for that property.
Whoever files your final income tax return (1040) can only use up to $1,500 ($3,000 if MFJ) of net capital losses to offset other income.
