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Post# of 403103
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shazamm

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shazamm

Re: kfcyahoo post# 385326

Sunday, 11/28/2021 8:53:35 AM

Sunday, November 28, 2021 8:53:35 AM

Post# of 403103
$3k annually is correct. If one accumulates a large carryover loss, the entire balance can be used to offset gains in any calendar tax year. Losses are accounted for by long and short term, so it’s possible the term of the gain and offsetting loss would need to match.
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