---
title: Joint vs. Separate Capital Gain and Loss Summary
description: The Joint vs. Separate Analysis will separate the net capital gains or losses by taxpayer and spouse, up to the amounts allowed. You may deduct capital losses up to the amount of your capital gains plus $3,000 ($1,500 if married…
url: "https://support.taxact.com/support/1031/joint-vs-separate-capital-gain-and-loss-summary"
updated: "2026-10-06"
category: Individuals / Preparing Your Return / Investment Income
tags:
  - (sch
  - "&"
  - analysis
  - capital
  - d
  - deduct
  - deduction
  - gain
  - gains
  - income
  - investment
  - joint
  - long
  - "long-term"
  - loss
  - losses
  - net
  - separate
  - short
  - "short-term"
  - summary
  - term
---

# Joint vs. Separate Capital Gain and Loss Summary

The Joint vs. Separate Analysis will separate the net capital gains or losses by taxpayer and spouse, up to the amounts allowed. You may deduct capital losses up to the amount of your capital gains plus $3,000 ($1,500 if married filing separately). There is no report in the program that shows separate capital gain transactions for each spouse on a joint return, but TaxAct does provide a Short-Term and a Long-Term Capital Gains Summary report that shows all transactions regardless of owner.

Assign ownership when you report Form 1099-B in the TaxAct program (if you need help accessing Form 1099-B, go to our [Form 1099-B - Entering Capital Gains and Losses in Program](https://support.taxact.com/support/1021/form-1099-b-entering-capital-gains-and-losses-in-program) FAQ):

1. From within your Form 1099-B, Scroll down to the sections titled ***Ownership***.
2. Click the **circle** next to *Yourself*, *Your Spouse*, or *Yourself and Your Spouse Equally*.

To review and/or modify the Joint vs. Separate Analysis, go to our [MFJ vs. MFS - Federal and State](https://support.taxact.com/support/1157/mfj-vs-mfs-federal-and-state) FAQ.

To review and/or print the short- or long-term capital gain summaries, go to our [Capital Gains Reports - Long-Term and Short-Term Reports](https://support.taxact.com/support/1023/capital-gains-reports-long-term-and-short-term-reports) FAQ.

*Note that any link in the information above is updated each year automatically and will take you to the most recent version of the webpage or document at the time it is accessed.*