Who can file stock loss in a joint brokerage account?

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Who can file stock loss in a joint brokerage account?

I have a joint brokerage account in the US. If my account has a loss of $6000, who can file the loss? Please let me know if the following scenarios are true.
1) Both can file the loss but limited to $3000 combined deduction.
2) Both can file the loss and "each" can deduct $3000 ($6000 combined deduction).

2007-09-24 18:38:59 · 1 answers · asked by ken 1 in Business & Finance ➔ Taxes ➔ United States

I am the primary joint account holder and my dad is the secondary holder.

2007-09-25 05:57:08 · update #1

1 answers

Who is the joint account holder?

2007-09-24 23:27:33 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋