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Level 1
posted Dec 7, 2021 6:15:08 PM

Married Filing Jointly for Capital Loss

I married at the beginning of this year. My wife and I are trading in different brokerage accounts. She has realized capital gain of around $8000. And I lost around $6000. If we file jointly next year, can she use my $6000 capital loss as a deduction to her $8000 capital gain? So totally we end up capital gain of $2000. Thanks!

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1 Best answer
Level 15
Dec 7, 2021 6:17:58 PM

Yes.  It's all netted together on a joint return.

2 Replies
Level 15
Dec 7, 2021 6:17:58 PM

Yes.  It's all netted together on a joint return.

Level 15
Dec 7, 2021 6:39:41 PM

TurboTax will automatically offset your loss against your wife's gain. You don't have to do anything except enter your investment sales.