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Author: uhclem One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121482  
Subject: Capital loss carryforwards for little kids Date: 1/29/2002 9:16 AM
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My 2 year old daughter is about to have a 6K loss as a result of the GX bankruptcy. I don't expect that she will have any income or capital gains this year, but I'm wondering if this loss can be carried forward until the day that she does.

Questions:

1) is there any limitation on how long a loss can be carried?

2) do I need to file a tax return to establish the loss in the year it was sustained, or can I wait several years until the time there is a gain to be balanced against it?

Thanks!
Jon
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