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drain44
New Member

Can I deduct more than $3000 capital carryover loss if my gains this year are $26000

 
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1 Reply
JohnB5677
Expert Alumni

Can I deduct more than $3000 capital carryover loss if my gains this year are $26000

You can use the Capital loss to offset any capital gain, plus $3,000, so you can use up to $29,000.

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