My mother had a capital loss carry forward of $7,800 into 2017. She died during the year. TurboTax is presently limiting the loss on her return to $1,500 and showing a carry out of $6,300. What must I do to have TurboTax recognize the full $7,800 loss this year (her final year)?
You'll need to sign in or create an account to connect with an expert.
You can't. The other $6300 is simply lost. I assume she is using Married filing separately (MFS) filing status if she is using only $1500. Single and Head of Household may deduct $3000.
You can't. The other $6300 is simply lost. I assume she is using Married filing separately (MFS) filing status if she is using only $1500. Single and Head of Household may deduct $3000.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
ashley_mcgirt
New Member
tjreilly1
Level 1
eileenfinke
Returning Member
oldKnhand
New Member
Classicist
New Member