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To: Douglas W. DeVries who wrote (15125)2/27/1998 6:08:00 AM
From: Michael  Read Replies (1) | Respond to of 25960
 
***** Off Topic ****

Douglas,

How long can you carry capital losses forward if you do not have current income in the US. IE If your non resident, and make a loss in one year can you offset it against gains the next year(s).

TIA

Michael

PS Apologies to the thread for bringing this up,but since there were so many knowledgable replies to an earlier question it seemed a good place to ask



To: Douglas W. DeVries who wrote (15125)2/27/1998 9:55:00 AM
From: Holyman  Read Replies (1) | Respond to of 25960
 
Douglas; " I would like to confirm the $ 3,000 annual limitation on capital losses not offset by capital gains."

Would you be kind enough to expand this statement? Thank you much.

God Bless


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