Skip to main content
February 11, 2023
Solved

Can I claim my dependent daughter's stock losses on my return? Can my daughter carryover her stock losses even if she had no income?

  • February 11, 2023
  • 1 reply
  • 0 views
No text available
Best answer by DanaB27

No, you cannot report your daughter's stock losses on your tax return.

 

Yes, she can carryover her stock losses. Since she had no income, she does not need to file a tax return to report this capital loss. But she needs to keep track of his capital loss carry forward for future years.  This means she must reduce the carry forward by any amount that would have been used up if he had filed a tax return.  With $0  income, that amount is $0 for 2022, so the whole loss is carried forward.

 

Please see Do I need to file my own taxes if I'm a dependent? for additional information.

1 reply

DanaB27Answer
February 11, 2023

No, you cannot report your daughter's stock losses on your tax return.

 

Yes, she can carryover her stock losses. Since she had no income, she does not need to file a tax return to report this capital loss. But she needs to keep track of his capital loss carry forward for future years.  This means she must reduce the carry forward by any amount that would have been used up if he had filed a tax return.  With $0  income, that amount is $0 for 2022, so the whole loss is carried forward.

 

Please see Do I need to file my own taxes if I'm a dependent? for additional information.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
February 13, 2023

Thank you.