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New Member
posted Jun 3, 2019 1:20:33 PM

How to file jointly when each one of us have our own capital loss carryover?

Hi,

When filing jointly and attempting to fill in "Capital Loss Carryover", there's only one field and there doesn't seem to be a way to allocate the Capital Loss Carryover to either party like dividends or wages.

What's the best way to go about filling out this section? Thanks!

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1 Best answer
Expert Alumni
Jun 3, 2019 1:20:35 PM

In a joint return, there no distinction between spouses for capital gains/losses reported and capital losses carried over.

Both spouses file a unique Schedule D in the joint return. If both of you had capital losses carried over when you filed separately, you add them together and enter the total in TurboTax.

1 Replies
Expert Alumni
Jun 3, 2019 1:20:35 PM

In a joint return, there no distinction between spouses for capital gains/losses reported and capital losses carried over.

Both spouses file a unique Schedule D in the joint return. If both of you had capital losses carried over when you filed separately, you add them together and enter the total in TurboTax.