Married Separate Filers:
Taxpayers who filed separate federal returns should
report capital gains or losses as reported for federal tax purposes.
If a joint federal return was filed, each spouse
must report capital gains on the basis of ownership of the property
sold or exchanged. The combined net capital gain or loss must
be the same as reported on the joint federal return.
If a joint federal return was filed and both spouses
have capital losses, each spouse may claim up to a $1,500 capital
loss plus any unused portion of their spouse's $1,500 loss limitation.
If both spouses are reporting capital losses, the sum of both
spouses' losses may not exceed $3,000.