Accounting Loss
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).
I am the primary joint account holder and my dad is the secondary holder.
Who is the joint account holder?
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