Can I sum up me and my wife's capital loss carryover for this year (2019) filling jointly? Since last year (2018) we were single and both had a capital loss carryover.

[cowtony]

We got married in 2019, so on 2018 tax return we were signle and both had a capital loss carryover. This year we are filling jointly.

[NCperson · Accepted solution]

yes

[fanfare]

You can enter both amounts on your joint return but you must assign them to the correct person.

You don't get to use the other person's losses.

[NCperson]

@fanfare - can you please point me to where that is stated in a IRS publication; i'd like to read that.  How would you post that in TT; I don't think the forms are set up like that. 

[cowtony]

Thanks for the reply, but I don’t see any places that allow me to assign these amount into different person. Could you please help me clarify? Thank you! @fanfare 

[NCperson]

@cowtony - that was my polite way of disagreeing with @fanfare 

just combine them - 

[cowtony]

Thank you man! @NCperson 

[fanfare]

OK in this scenario :

"If you and your spouse once filed separate returns and are
now filing a joint return, combine your separate
capital loss carryovers." Pub 550.

The TaxACT software has two columns for carryover losses, the taxpayer's and spouse's.

Upon death of a spouse, the carryover is lost and the surviving spouse can't use it.

I don't know how TurboTax handles this (haven't tried it).

"However, if you and your spouse once filed a joint return and are
now filing separate returns, any capital loss carryover
from the joint return can be deducted
only on the return of the spouse who actually had the loss."

Does "the loss" refer to the transaction loss, or the carryover loss?

(looks like the transaction loss).

What happens when both spouses had a loss? I don't know. (haven't tried that either).