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Old 09-15-2015, 02:10 PM
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Capital Gains upon marriage

Hi there!

I have about 85K in LT capital losses carryforward from previous years. This year I was married, and my wife is going to be recognizing about 70k in LT capital gains for the 2015 year. If I am understanding IRS publication 536 correctly, I am not able to use my capital losses to offset her capital gains, correct? How am I supposed to keep our capital lossses/gains separate on the tax return if we file jointly, is there a worksheet available? I usually file via TaxAct, is there another service that would be better to use? Thanks so much for your help in advance!!

Ryan



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