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To: microhoogle! who wrote (4481)12/28/2000 2:52:07 PM
From: Bill Harmond  Read Replies (2) | Respond to of 57684
 
You can carry forward losses for years until you get the gains to use them against, or until you've written them off against ordinary income. However you cannot deduct more than $3000 in any one year against ordinary income.

I'm pretty sure all the IRS publications are available in Acrobat format at irs.gov.