Investor Help (NO Ihub questions)

[cintrix]

You can only use 3k as the bottom line. In other words, if at the end of the year your total gains/losses were in the red and say it was for 5k, then you can only write off 3k, but carry the other 2k over to use next year. BUT...say your gains were 50k and your losses were 40k, you could use all of those losses against your gain in the same year and only have to report 10k in capital gains.