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A comment on Just Be Rich (2021). Parent comment
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?
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?