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kingpindg

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kingpindg

Re: littleBitmoore1 post# 155883

Monday, 03/23/2009 10:28:08 AM

Monday, March 23, 2009 10:28:08 AM

Post# of 361897
LBM - Didn't see where you got an answer...

I am not a tax professional, but believe it works as follows...

You can roll excess loss from any given year forward to offset future gains, but not the other way around. If you reported gains in 2006 or 2007 then you would have already paid the taxes on those gains and would not have any way to offset losses in 2008.
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