MaryK4
Expert Alumni

Get your taxes done using TurboTax

Yes, If the taxpayer and spouse once filed a 2020 joint return and are filing separate returns for 2021, any capital loss carryover from the joint return can be deducted only on the return of the spouse who actually had the loss.

 

In TurboTax next year you will have to create a separate new account (User ID) for your spouse for the separate tax return and will be able to manually enter the carryover loss.  You can use the current account (User ID)next year and change the filing status, and just be sure to check that you do not get the loss carryover (it should be automatic based on the entries this year).

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