Deducting stock losses as well as the 3K brought forward loss.

[happyman70]

Can I deduct a 3K long term stock loss as well as a 3K carry forward stock loss?  I have no capital gains this year.  Thsnks for your help!

[Mike9241]

the maximum capital loss that can be deducted against other income is $3,000 any excess is a carryover. that $3k drops to $1500 if married filing separately. 

[Opus 17]

If you have a $3000 carry forward loss, and a new loss of $3000, and no gains, then you deduct $3000 this year and carry forward the rest. 

[happyman70]

Thanks for your help!

All the best,

Sonia