Latest capital loss is $16,000.If the capital gains for the current year exceeds the loss by more than $8,000...the most I can apply from the carryover is $3,000...right?

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No. You can apply the entire loss. The amount your are allowed to apply is the current year gains plus 3000 more.

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No. You can apply the entire loss. The amount your are allowed to apply is the current year gains plus 3000 more.

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