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To: Mandalou who wrote (27795)11/4/1999 1:08:00 PM
From: VIPER85730  Respond to of 40688
 
Mandalou,

>Question, can you spread tax losses over more than one year if the loss is greater than 3k.<

Absolutely! You can continue to write it off year after year until it is gone. You can also use them to offset other gains. Be advised though that the $3000 per year is for married couples filing jointly. A single person can only write off $1500 per year. Hope this helps.

VIPER-------<



To: Mandalou who wrote (27795)11/5/1999 1:43:00 PM
From: Stan  Read Replies (2) | Respond to of 40688
 
Mandalou, everyone can claim the $3,000 net loss per year maximum and the rest is carried forward until used up. This includes those who are filing as Single.

The only category that can claim only $1,500 per year is Married filing Separately.

Stan


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