How Do You Deal with Losing a Client?
The Schedule D instructions have a “Capital Loss Carryover Worksheet” – but this says “Keep for your records”. Hopefully just the old return and supporting documentation is sufficient. I think he used Turbotax, but in 2008 did not “import info from previous year”.
Can you get loss runs from the carrier?
No, I don’t believe so. You can get them from the carrier directly. I have my clients do it all the time. They just need to be firm. They can also submit a letter to the loss runs department. As a matter of fact, earlier this year I brought on a client that owed a lot of money to the broker, and she still got loss runs.
