I understand that long-term capital losses can be used first to offset long-term capital gains and then up to $3,000 of ordinary income and that this $3,000 offset of ordinary income can be repeated going forward, but can unused long-term capital gains be used to offset long-term capital losses in excess of those $3,000 ordinary income offsets in the future? For example, if I have $200,000 of long-term capital losses, $100,000 of long-term capital gains and $10,000 of ordinary dividends this year, I might offset $100,000 of long-term gains and $3,000 of ordinary income attributable to the dividends this year; next year might offset $3,000 of ordinary income with $3,000 of the long-term losses carried forward, leaving me with $94,000 of used losses. Can I use these to offset long-term capital gains next year and if so to what extent?
