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Ramdol2005
New Member

How much long term gain can be applied to accrued long term losses?

 
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fanfare
Level 15

How much long term gain can be applied to accrued long term losses?

It's the other way around, actually. Losses will offset your gains. As pointed out you must have realized losses and realized gains.

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4 Replies
Critter
Level 15

How much long term gain can be applied to accrued long term losses?

You have to realize the losses to apply the gains against them ... and there is no limit to the amount of gains you can apply towards the losses ... only a limitation of the losses allowed above the gains which is $3000 per year and the excess is carried forward.
SweetieJean
Level 15

How much long term gain can be applied to accrued long term losses?

or do you mean a loss carryforward?
SweetieJean
Level 15

How much long term gain can be applied to accrued long term losses?

October 25: TurboTax Online closes for the 2016 tax season.
fanfare
Level 15

How much long term gain can be applied to accrued long term losses?

It's the other way around, actually. Losses will offset your gains. As pointed out you must have realized losses and realized gains.
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