AnnetteB6
Expert Alumni

Deductions & credits

Yes, if you have capital gains in any year while you still have a carryover loss, the carryover loss can be applied to the gains.  The $3000 limit per year only applies if there were no gains available for the loss to offset.  Then, the $3000 loss per year can offset other types of income, such as wages.

 

@Neuromancer2112 

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