You must declare the losses in the year realized, on Schedule D. If you have no realized gains to write them off against, you must take $3000 this year. You continue taking $3000 every year until the total is used up, or until you can balance them against realized gains. You don't have an option to defer them longer than allowed. Your tax return every year until all are taken will include the amount of losses carried forward. Best wishes, Chris
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