=========="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
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
There has already been an extensive discussion of this point.http://boards.fool.com/Message.asp?id=1040014006148006&sort=postdate
The Capital Loss carryforward is actually calculated on Form Schedule D(at the bottom of the form), which you file with your tax return.
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