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Gold/Mining/Energy : TAXES, TAXATION, TAX and Canadian stocks
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To: Sultan who wrote (455)10/25/2001 3:12:51 PM
From: Kayaker  Read Replies (2) of 548
 
In both instances, you are allowed 3 years of carry forward or carry backward.

My understanding is that you can go back 3 years, but there is no limit going forward. As noted, makes most sense to go back as far as possible and apply losses to gains when tax rate was higher.
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