Too much capital loss on investments

[aznkk82]

If i have a lot of capital loss in stocks, how can I use it for my taxes?
Can I only use it for capital gain? Can I use it for other things?
3000 a year won't allow me to use it up.

[MaryK4]

Capital losses can be used to offset capital gains, plus up to $3,000 (or $1,500 if Married Filing Separately) of ordinary income (like wages) annually. Remaining losses carry forward indefinitely to future years until used up. 

[VolvoGirl]

You get to first offset the loss against any gains you have each year so that can use more of it up.  Then after applying the loss to the current gains if you still have a loss, you can take a max loss of 3,000 (1,500 MFS) per year on your tax return.  Turbo Tax does all the calculations for you.  Just enter the full prior year carryover amount.

But sorry, you can’t use it against other things.  Only the 3,000 each year.   To use up more of it you can sell investments that have gains.