Hey,
@Scruffy_Curmudgeon and
@TaxGuyBill! Thank you for answering my question. I am very likely mixing up the concepts. I am not quite understanding this perfectly. College grad who decided to do stocks for the first year, and it didn't turn out so well.
For example, lets say I have $10,000 in capital gains losses in 2018 and $0 gains. I can only claim $3,000 in losses in 2018 towards by 9 to 5 job correct, and this is because I do not have have any capital gains profit to offset the losses? In 2019, I now have a capital gains of $7,000 and I had $7,000 in Capital gains losses from 2017. Can I then have them cancel each other out?
