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I was recently told you couldn't carry the capital losses over to future years. If that's the case, could you point out a good place to read about how to deal with that, specifically on how to handle it in your tax forms?

I'd ask the person who told you that to give you some further explanation - the way you state it makes it sound like they're just plain wrong.

There is an article in the FAQ (the link is above) on netting capital gains and losses. It also talks just a bit on the loss carryover.

As to the forms - the capital transactions go on Schedule D. The instructions to sched D have worksheets that will help you figure out the loss carryforward to future years.

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