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$15K capital loss carry forward from last year.
$3K add since they allow this amount each year.
-$8K capital gains so far this year.
So now I would have $10K more I can offset against gains.
Sell stock for a $17K gain. That would use up the $10K above. So I would have a $7K gain I'd have to pay tax on unless I sell something else at a loss.


Not exactly. The comment $3K add since they allow this amount each year. is incorrect. The $15k capital loss carryforward would be used up first by capital gains. If, after you tally up all your gains/losses for the year, you have less than $15k in gains, up to $3k would be used to offset ordinary income. It's not an 'add because they allow this amount'.

Under the scenario you describe, if you end the year with $25k total in capital gains ($8k already taken and selling for an additional $17k gain), and $15k in a loss carryforward, you would have to pay capital gains taxes on $10k ($25k minus the $15k carryforward). You would not get any offset on ordinary income.

If you don't sell the stock you are thinking of selling, you would have $8k in gains already taken, and would have $3k that would be used to offset ordinary income. That would use up $11k of the carryforward from last 2017 in 2018. You would have $4k left as a carryover for 2019.

Based on prior postings, you seem to want to manage your AGI to qualify for ACA subsidies. I would caution you to see what the additional $17k in capital gain income will do to your AGI.

AJ
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