Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
==========
"If your overall capital loss is more than $3,000, the excess carries over to the next year. In other words, you treat the extra portion as if it were an additional capital loss in the following year."
==========

Exactly how do you carry-over capital loss? Does one has to declare it when he pays taxes? Is there a special section for carry-over loss? Or, does it carry-over automatically?

Can someone please clarify how one can carry over capital loss?

Thanks
Print the post Back To Top
No. of Recommendations: 0
Exactly how do you carry-over capital loss?...Is there a special section for carry-over loss? Or, does it carry-over automatically?

You calculate the carryover amount as part of filling out the schedule to report your capital gains.

-synchronicity
Print the post Back To Top
No. of Recommendations: 0
There has already been an extensive discussion of this point.

http://boards.fool.com/Message.asp?id=1040014006148006&sort=postdate
Print the post Back To Top
No. of Recommendations: 1
The Capital Loss carryforward is actually calculated on Form Schedule D(at the bottom of the form), which you file with your tax return.
Print the post Back To Top
Advertisement