How long can you carry a capital loss over for? If I have a loss that is greater than my gains this year can I carry it over to next year? the year after that? Thank you for your help.
A long term capital loss can be carried forward indefinitely as long as it is more than $3000 greater than long term capital gains.
[[ How long can you carry a capital loss over for? ]]Until you use it up or until you die...whichever comes first.[[If I have a loss that is greater than my gains this year can I carry it over to next year? the year after that?]]Yup...and the year after that, and so on, and so on, and so on. This is explained in much greater detail in the TMF Investment Tax Guide. You might want to check it out.TMF TaxesRoyWant to learn more about taxes and investing? Then we have a deal for you!! The Motley Fool Investment Tax Guide is now available through Fool Mart. Be the first one on your block to own this masterpiece. It'll help you with your 1998 taxes, and it's never to early to start planning for your 1999 taxes. So just click on this link (http://www.foolmart.com/market/product.asp?pfid=MF+013+I) to read more about this amazing collection of tax information. (Apologies for the shameless plug…but it is a pretty good book…if I do say so myself). In addition, if you would like to visit the Taxes FAQ (Frequently Asked Questions) area, click on http://www.fool.com/school/taxes/taxes.htm and you'll be right at the home page. Check it out. Finally, if you need to get to the IRS web site, click on http://www.irs.ustreas.gov to go directly there.
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