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New Member
posted Jun 3, 2019 12:46:09 PM

For how many years can I carryforward a capital gains loss? Are there any limitations regarding how much I can use in a given year? Any implications of new legislation?

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1 Best answer
Level 9
Jun 3, 2019 12:46:11 PM

A Capital Loss can be carried forward until it is used up, or until you die.

The Capital Loss Carryforward will first offset any Capital Gains for that year, then you can usually use an additional $3000 per year.

No, the tax reform has not changed anything in this regard.

3 Replies
Level 9
Jun 3, 2019 12:46:11 PM

A Capital Loss can be carried forward until it is used up, or until you die.

The Capital Loss Carryforward will first offset any Capital Gains for that year, then you can usually use an additional $3000 per year.

No, the tax reform has not changed anything in this regard.

Level 15
Jun 3, 2019 12:46:12 PM

But it must be claimed each year, even if it does not benefit you.  You cannot skip a year or the remaining less is forfeited.

New Member
Jun 3, 2019 12:46:13 PM

Can I file an amended return for the year that I skipped to claim a capital loss and re-claim it?