I HAVE SHORT TERM CARRYOVER LOSSES OF $128,000 AND LONG TERM CARRYOVER LOSSES OF $64,000. THIS YEAR, I SOLD A SECOND HOME (NOT PRIMARY RESIDENCE) WHICH I HAVE OWNED FOR 9 YEARS, RESULTING IN A $120,000 NET GAIN. HOW MUCH OF THE TOTAL CAITAL GAIN FROM THE SALE CAN BE OFFSET BY PRIOR CAPITAL LOSS CARRYOVERS ?
