GeorgeM777
Expert Alumni

Get your taxes done using TurboTax

No, that loss can’t be used by you, the parent, to offset your own gains or other income.  In terms of what you can include on your return, you may be able to include your child's interest and dividend income (including capital gain distributions) provided the interest and dividends is their only income and such income totals less than $11,000.  

 

If the child has a net capital loss, perhaps the best option is to file a separate return on their behalf to memorialize the capital loss carry forward that can be applied to their future year gains.

 

@jesunatt

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