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Maybe, but then let me capture my long and short term gains together to offset gains. It's crazy that if I have a $5k loss in year one, I can't completely offs
by throwaway7ahgb 2y ago
Maybe, but then let me capture my long and short term gains together to offset gains.
It's crazy that if I have a $5k loss in year one, I can't completely offset it in year 2 if I have a 5k gain. Now I can only use 3k going forward forever.
- dmoy 2y ago> Now I can only use 3k going forward forever. Wait did they change the carry forward rules? At least the way it used to work was: * Year 1 - 50k loss, 3k offset of ordinary income 47k carry forward * Year 2 - 60k gain, 47k zeroed out from last year's carry forward, 13k is taxed Is that not still the case?
- born2web 2y agoNo change. It's been as such (3k) for quite some time.