Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 0
What happens to capital losses carried forward but not used?
For example, suppose I have a capital loss of $3500 in 2009 and no capital gains. So I can use $3000 of capital loss in 2009 to offset ordinary income. But suppose my ordinary income is low enough such that no taxes are due. Do I lose the $3000 offset in 2010 and only have $500 loss to claim or does the entire $3500 get carried forward? If the latter is correct can the capital loss be carried forward forever if not used?

TIA, Bob
Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.