Section 15.37 Capital Loss Carryovers

• Library: Family Law Deskbook and 2014 Supp

D. (§15.37) Capital Loss Carryovers

In many circumstances, the parties may have experienced a capital loss that exceeds the $3,000 annual amount by which the loss may exceed capital gains. To the extent allowed, the unused capital losses exceeding this limit are carried over to later years until fully utilized. I.R.C. § 1211(b).

The loss carryover is, for all practical purposes, an asset that should be bargained for at the time the case is negotiated. Mills v. Mills, 663 S.W.2d 369 (Mo. App. E.D. 1983)...