AmeriResource Technologies Inc. (fka ARIOQ)

[mondochello]

To make it easier to understand it's .losses written off against gains .short term losses against short term gains and long etc.when you have a year with no gains but a carryover of losses you get to write 3k off of you regular income
That goes on till your at zero gains
But if you have profit of 8 k and losses of 12k you write off the 8 k investment income and carry over 4 k then next year no trades you can write off 3k against ordinary income and carry 1k