I was separated in 2017 & Married filing Separately. How do I calculate individual amounts of capital loss and foreign tax credit carried forward from 2016 to 2017?

adriennejim · ‎June 4, 2019

In prior years we filed Married Filing Jointly, and had capital loss carried forward from 2016, and also foreign tax credit carried forward from 2016. (regular and AMT). How do we split these amounts for our 2017 Married filing Separately returns?

CarolynM · ‎June 4, 2019

The capital loss carry forward and carried forward foreign tax credits should be split 50-50 unless your separation agreement dictates otherwise.

For more information about filing Married Filing Jointly v Married Filing Separately, follow this link:

Married Filing Jointly v Separately .

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I was separated in 2017 &amp; Married filing Separately. How do I calculate individual amounts of capital loss and foreign tax credit carried forward from 2016 to 2017?

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I was separated in 2017 & Married filing Separately. How do I calculate individual amounts of capital loss and foreign tax credit carried forward from 2016 to 2017?