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I have inherited a stock which: 1. I don't want to own mostly for personal reasons(tobacco) and 2. has gone down considerably in price since my benefactor's death(base valuation date). Selling now would cause me to net a loss of more than $6000 for the year. Does the $3000 deduction carry-over for more than 2 years? If there is a previous posting for this issue please direct me there. Thanks.
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