I have a client, HH, with little dividend and interest income, and a $3k capital loss carryover. Does my client need to file a return to show she is carryover the capital loss to 2014? The taxpayer falls below the HH standard deduction, but still has a large capital loss to continue to carryover to 2014
, Prince of LutefiskAll Star
You don't need to file. Some folks do file though just to make sure the IRS remembers that the loss is there. I had one client that had some large carryovers that didn't file for years until he had some reportable gains. The return was filed reporting the old carryovers without any problem.
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