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Your accountant appears to be telling you that your capital loss carryover from 1999 is enough to wipe out your 2000 capital gains. Is that the case?

See, that's what I don't understand. If, as in my examples, my gains are $30,000, my carryover would lower my total gains. Wouldn't that at least lower my taxes due and maybe even put me in a lower bracket?


Thanks for answering!
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