So on the final personal return after the taxpayer's death, I would understand a capital loss carry-over (such as from sale of stock at a loss in previous years) would be taken up to the maximum allowed for a living person. (Income taxes due on that final return would be paid by the estate - by its administrator.) Is the balance of the loss carry-over just lost forever? After the death the estate continues to operate with collection of revenues that continue to come in. There are taxes due on it. Can the estate somehow show this capital loss carry-over on a K-1 and/or 1041?
