Can I claim my dependent daughter's stock losses on my return? Can my daughter carryover her stock losses even if she had no income?

[DanaB27 · Accepted solution]

No, you cannot report your daughter's stock losses on your tax return.

Yes, she can carryover her stock losses. Since she had no income, she does not need to file a tax return to report this capital loss. But she needs to keep track of his capital loss carry forward for future years.  This means she must reduce the carry forward by any amount that would have been used up if he had filed a tax return.  With $0  income, that amount is $0 for 2022, so the whole loss is carried forward.

Please see Do I need to file my own taxes if I'm a dependent? for additional information.

[toobusytom]

Thank you.