The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Skip Danger who wrote (234778)	1/3/2010 12:11:04 AM
From: Skeeter Bug	Read Replies (1) of 306849

>>So, you have to have more losses than gains to write anything off, with a max of $3000 per year.<< Ned, i think you have the idea down, but the above is a very confusing way to express it. you can deduct your losses, in a given year, up to $3000 over your gains. in equation form: max potential deduction in a given year = yearly gains + $3k. when gains are $0, you may deduct up to $3k and carry over any additional losses. when gains are $100k, you may deduct up to $103k and carry over any additional losses. of course, one has to actually have losses in order to deduct them.

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