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Can I report more than 3,000 capital loss?
It's embarrassing for me to ask this question. I have been such a lousy investor that I just kept losing money in stock year after year. The carry over snow balled into a huge amount that I don't think I can ever write off the loss for the rest of my life (3000 a year would take 83 years to write off). Observing the trend of losing streak, I decide to stop investing in stock. Can I report all these carry over loss at once? What will happen to those carry over loss if I am not able to write them off before I die?
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‎June 6, 2019
10:41 AM