Loss on the sell of stock

[jrollo]

Taxpayers in 2009 had over $7,000 in capital loss (sell of stock). The loss was an account owned by the husband. In 2009 and 2010 the couple filed MFS with the husband taking the maxiimum loss each year. He still has a carryover amount remaining on this tax year.

In addition, the couple had a capital loss in 2011 of approximately $6000 (sell of stock); however, this account is jointly owned.

My question is this: If they filed MFS this year may the wife take the loss on the joint account on her return?

Thank you,

Jeff

[Lion EA]

$1,500.

[jrollo]

Lion:

Thank you for the information. Well take the $1,500 loss on both return.

Jeff

[TAXMAN]

Doesn't death of one of the spouses also reduce the carry over the next year to half? TP's been filing MFJ all years.