Is there a time limit to when a large capital gain can be offset by a large capital loss? More specifically as it applies to my current situation. Last year i had a carryover of a loss of 12K from stocks. This year due to stupidity on my part i will have a 120K loss from stocks sold earlier in the year. Now it is coming up to the end of the year and i do have a couple of stocks that i could sell and offset that 120K by 90K leaving me with a 30K loss for the year. I am confident that 90K good position will go up next year. If i do not sell that good position and have a carry over next year of 132K and sold the good one next year would it offset that 132K. I basically want to know if that large loss could offset a large gain in future years or will it just keep coming off 3K at a time. If i decided not to sell good position for 2 more years would it still be offset by the carryfoward loss in whatever year it was sold. Thank you.
