If a taxpayer dies and capital loss carry overs are not used -Will the taxpayer's estate be allowed to use it?

Asked by ., Los Angeles, CA Sat Jan 10, 2009

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David Van Noy…, Agent, Leawood, KS
Sat Mar 28, 2009
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
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Maria Morton, Agent, Kansas City, MO
Mon Mar 16, 2009
Maybe. That would be an excellent question for your tax accountant.
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