Once a gain is realized, it must be declared on your taxes for that year, and there is no carry forward for capital gains.
You can deduct a maximum of $3,000 of excess capital losses each year. Excess loss amounts that exceed $3,000 can be carried forward to the following years, deducting $3,000 per year until the loss is exhausted. You cannot skip a year with losses being carried forward.
**Answers are correct to the best of my ability but do not constitute tax or legal advice.
