I wish It were that simple, but it is not, and none of you may be correct.
Carry forward Loss is deductible depending how it is sourced. Married people have two income generating properties:
1. Separate property
2. Community property
When loss is carried over from single years, it is classified as a separate property and cannot be deducted from community income during married filing jointly years.
Can anyone knowledgeable confirm this?
