The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: This years losses||Date: 3/18/2000 12:26 PM|
|Author: TMFTaxes||Number: 32041 of 125434|
<<I've had quite a large amount of losses this year (2000), but a lot of gains last year (1999). My
question then is do I have a way of applying this year's losses against last years gains?>>
As RooCat points out, you can not "carryback" capital losses. They can only be carried forward.
You might want to read the article about "netting" capital gains and losses in the Taxes FAQ for additional information on this issue.
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