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Robcole24
New Member

MFS again for 2017 taxes. We have a joint trading account (in both our names). $12,000 capital loss last year. Can we split these losses between filings?

 
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MarilynG
Expert Alumni

MFS again for 2017 taxes. We have a joint trading account (in both our names). $12,000 capital loss last year. Can we split these losses between filings?

If both names are on the account, you can split the loss 50-50 (or however you agree).

Since you have filed separately before, hopefully you have compared both ways of filing to see which is most beneficial.

Here's some info on capital gain/loss:

https://ttlc.intuit.com/replies/5209280

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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1 Reply
MarilynG
Expert Alumni

MFS again for 2017 taxes. We have a joint trading account (in both our names). $12,000 capital loss last year. Can we split these losses between filings?

If both names are on the account, you can split the loss 50-50 (or however you agree).

Since you have filed separately before, hopefully you have compared both ways of filing to see which is most beneficial.

Here's some info on capital gain/loss:

https://ttlc.intuit.com/replies/5209280

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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