Replies to post #75306 on Lightwave Logic Inc (LWLG)

[WhiteSahara]

Cap Gain loss write-off.

Example: If you have $100,000 in cap gain losses from a prior year(s) and you had current year cap gains of $110,000 you could write off all $100,000 and would be left with $10,000 in cap gains that would be taxable.

If you had $100,000 in cap gain losses from a prior year and you had $20,000 in current year cap gains you could write off the entire $20K. You could ALSO write off $3,000 of the remaining cap gain loss. This would leave you with $77,000 in cap gain write-offs.

If you had cap gain losses of $100,000 and never again had any cap gains, it would take you 33 plus years of taking the $3000 per year of write-offs.