Tax question about LTCL carryovers
My three kids have LTCL's from CY2008. I know that they can carry these forward to use against future gains and income.
My question is this: If my kids don't otherwise have to file, do they need to file what would essentially be an informational return each year in order to maintain a paper trail with the govt for those carryover losses, or can they skip filing until they actually need to file and just enter the carryover losses on their returns then?
"At times the world can seem an unfriendly and sinister place, but believe us when we say there is much more good in it than bad. All you have to do is look hard enough, and what might seem to be a series of unfortunate events, may in fact be the first steps of a journey." Violet Baudelaire.