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To: wiz who wrote (56224)5/10/1999 12:21:00 PM
From: Wayners  Read Replies (1) | Respond to of 164685
 
I guess the real easy way to describe the law is to say that your taxable capital gain for any year is equal to the capital gain for that year minus the capital loss carryward (up to a maximum of the capital gain for that year plus an additional $3,000). Now why does the IRS have to be rat bastards about it and just let you apply the capital loss carryforward to job income too?