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Get your taxes done using TurboTax
Hi Gdrapes,
Thanks for your question. As long as you report everything on each year's tax return, your losses will carry forward and you can offset profit in future years to reduce your taxes in those years. Here are the IRS guidelines on this but the short version is you won't lose the ability to use those losses. IRS carry forward rules
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‎July 27, 2022
11:08 AM