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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?


To: Colin Cody who wrote (903)4/25/1998 6:04:00 PM
From: Jeff Jordan  Read Replies (1) | Respond to of 5810
 
Ken, Yes you can/must carry forward the excess capital losses to the following
year(s)


Colin,

If you had a 20K capital loss carry forward '96 And a capital gain of 50K.....is 30K the '97 taxable amount?

TIA,

Jeff