My parents does not have any income. My spouse and I have been claiming them as dependent for few years now in our joint return. Last year in
2008, I invested my money in my parents brokerage account and made a overall loss of $5,400. I deposited my money on their account to do investment
My question is:
1) Can I claim my dependent parents under my return, if not do they have to file tax return
2) Who can claim capital loss a) If I claim them as dependent can I claim that loss and have deduction in my tax b) If they have to file their return how can they claim loss deduction if they don't have any income c) any other option
Thanks for help in advance
Mehta
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