Mr Cooper Group Inc (COOP)

[dugit69]

Roach, Might want to have another conversation with your accountant. Yes max. limit is $3,000 against any short term capital gain (Assets held one year or less), referred to ordinary income.

IRS allows you to off set total amount of Long Term Capital Gain (Assets held one year plus one day) against your NOL (Net operating loss carried forward) You can carry over the unused NOL to the next year.

Short term Capital gains = $3,000/yr.
Long term Capital gains = Up to NOL with unused carried forward.

I'm no expert with large businesses but this is the way it is for personal filings.