Replies to post #93500 on PHI Group Inc (PHIL)

[Sheddoggie]

Correct. You can carry forward losses.

I've been able to deduct my losses from stocks I sold for a loss 4 years ago. The max you can deduct is $3000 per year until the full amount has been deducted. You can also offset gains with losses on your tax return.

Good reading on the topic here. https://www.investopedia.com/articles/personal-finance/100515/heres-how-deduct-your-stock-losses-your-tax-bill.asp