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Strategies & Market Trends : A.I.M Users Group Bulletin Board

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To: LemonHead who wrote (8974)10/20/1999 1:28:00 AM
From: Gary  Read Replies (2) of 18928
 
LH

If you incur a capital loss it can first be used to offset any capital gains that have been realized during that year. If the losses exceed the gains, then $3,000 can be offset against other income. The remainder carries forward and can be offset against gains in future years and ordinary income at the rate of $3,000 per year.

The annual limitation relates only to amounts that offset other income. You can offset an unlimited amounts of capital gains in any any year.

Gary
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