Can my wife's capital losses offset my capital gains?

4 ⤊

We file jointly.

2007-09-20 14:15:36 · 4 answers · asked by DCPete27 3 in Business & Finance ➔ Taxes ➔ United States

File your return as Married Filing Jointly to report all your income jointly.
Yes, you can offset your wife's capital losses with your capital gains.

2007-09-20 19:57:21 · answer #1 · answered by MukatA 6 · 0⤊ 0⤋

If you file jointly, yes, you report your gains and losses on the same form.

2007-09-20 14:19:23 · answer #2 · answered by The Joe 3 · 2⤊ 0⤋

One of the advantages of being able to file married/joint

2007-09-20 14:21:50 · answer #3 · answered by Barry auh2o 7 · 1⤊ 0⤋

Sure, as long as you file a joint return.

2007-09-20 14:21:44 · answer #4 · answered by Judy 7 · 1⤊ 0⤋