- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
After you file
That is essentially correct. But not exactly. You should reduce the capital loss carry forward by any amount that would have been used up, had she filed returns for years 2010-2017.
If she did not have enough income to file for those years, she most likely will be able to carry forward the entire amount.
Technically, if your standard (or itemized) deduction is greater than your AGI, without the capital loss, then all your capital loss is carried forward. That would be the case for a dependent child, who did not have enough income to file a return.
For a full explanation, see https://ttlc.intuit.com/questions/2566411-do-i-have-to-use-a-capital-loss-carryforward-even-if-i-hav...
‎June 7, 2019
3:25 PM