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This year I purchased two lots of Kinder Morgan, Incorporated (KMI) shares. Seemed like a good idea at the time but the shares have decreased significantly. Were I to sell them, I would have a short-term capital loss. The last time that I sold shares at a loss, the lots sold at a loss offset gains from lots that I had purchased earlier.

This year I have no gains that could be offset by selling my KMI holdings. Can I short-term loss be used to reduce taxable income such as RMD withdrawals?

If it can and the loss exceeds $3,000, can the excess loss be carried forward to the next tax year?

If you had a long-term capital loss that you carried forward from a previous year and exceeds $3,000, is the short-term loss added to the existing long-term capital loss and carried forward to the following tax years?

I have the impression that some of you reading this board might be stock traders and have a better understanding of the tax consequences of a capital loss. I would appreciate any insight that you can provide.
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