Re:Panama: The Hidden Trillions
by dogma1138 on Monday October 10, 2016 @06:08PM
(#12680138)
If your net capital loss is more than this limit, you can carry the loss forward to later years. You may use the Capital Loss Carryover Worksheet found in Publication 550, Investment Income and Expenses, or in the Form 1040, Schedule D Instructions (PDF), to figure the amount you can carry forward.
The 3000 is the deductible limit per year based on a loss, this isn't the limit to carry over.
The 3000 is the deductible limit per year based on a loss, this isn't the limit to carry over.
https://www.irs.gov/publications/p536/ar02.html https://www.irs.gov/publications/p550/ch01.html#en_US_2015_p...