We can take each scenario individually.
- Yes, If you had no Capital gain, and an additional $3,000 of loss it would be carried to the 9th year.
- Yes, if you had profits of $21,000 and you have carryover losses of $21,000 there would not be a Capital gains tax.
- In fact if you had $19,000 of capital gain you could use that and still take $3,000 carryover loss.
- Yes you can carryover the $47,000. There is no value limit to the loss.
- Regarding the Time Limit - Carryovers of capital losses have no time limit,
- However, They are not transferable to another taxpayer.
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