If a taxpayer dies and capital loss carry overs are not used -Will the taxpayer's estate be allowed to use it?
Answers (2)
It depends on how long ago they died. If they died within the year then it may be possible to take advantage of the capital gains exclusion here. If it has been over the time limit set by your state then you may have little or no recourse of the deduction. I have the name and number of a great accountant in Overland Park if you need it. Has the house been sold? That is another great question that could determine the tax burden.
Web Reference: http://www.davidvannoyjr.com
FIRST ANSWER
Maybe. That would be an excellent question for your tax accountant.
Didn’t find what you were looking for? Ask a question!
Ask a question
Got a real estate question? Get answers from locals, experts and real estate pros.
Email me when…
View all »
1 - 3 of 19
|
|
|
|
|||||||||||
|
|
|
|
|
|
Copyright © 2009
Trulia, Inc. All rights reserved. |
Fair Housing and Equal Opportunity
Fair Housing and Equal Opportunity
Help us improve our service—send us feedback