in 2011 i had a 40K capital loss. i have been carrying over i guess using 3K per year to offset ordinary income.
what is interesting is last year i had $12K in capital gain... and $14K in capital loss carryover. it did NOT offset this.
is there a line number in a tax form that would show this?
i have been using turbotax for 8 years.
also is it 100% true that capital loss 3K max carryover only means ORDINARY INCOME, but there is no limit with capital gain?
