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A taxpayer asks whether a loss from an investment in a bankrupt company can be allocated to 50% to their spouse, given they are in a community property regime but the loss is only recorded under their name. The DGT responds that the loss is attributable to the tax year in which the bankruptcy ends and that ownership can be attributed to both spouses if it is proven that the debt belongs to the community property company.
The tax team reviews your specific situation.
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