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Sorry for the repetition,and I think I understand,but examples help me to visualize results.
So let's say I have a $5000 loss carry forward and then sell stock to realize a $5000 long term capital gain. That would be reported on line 7 as $0,and therefore would not affect adjusted gross income at all.
If I do not realize a capital gain then $3000 of the loss would be realized against income,do I have that right?

JK
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