VThank you macuser_22! Very GOOD explanation. I understand now.. yes I have a LOT carry over loss and use $3000 to offset my ordinary income from brokerage account every year. BTW, can I convert certain % of NonD to Roth of reduce taxes this year? Convert certain % next year? (anyway, we lost timing to convert in the same year.) We are semi retire and want to reduce our taxes. All I mentioned as above is our NonD issues.
