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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?


To: Colin Cody who wrote (1578)12/10/1998 12:33:00 PM
From: J R KARY  Respond to of 5810
 
Colin how are Long Term losses , which were filed jointly , divided ?

If a couple had long term losses filed as married jointly how does one take these LT losses for filing as married filing separately ?

Though the LT losses were reported jointly each year as attributable to each party in detail they are now carried to future years in sum .

Could one party take all the LT loss ?

Thanks in advance,
Jim K.