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Get your taxes done using TurboTax
@Tjones8226 wrote:
.....my $30,000 of loss means I have 10 years of a worthless $3,000 deduction?? That can't be right.
Yes, you have that right. However, you can use those carryforward losses to offset future capital gains (as well as up to $3,000 to use as an offset to all other types of income).
‎April 18, 2023
8:59 AM