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Those Trading Losses Will Come in Handy Down the Line
If I have a loss carry-forward from a previous year that is greater than $3,000, can I use that to offset any capital gains greater then $3,000? Or if my capital gains are greater then $3,000, is the maximum I can carry forward $3,000 that year?
-- Tom Trax
Tom,
Considering the market's recent stumble, your question may affect more people then you realize. ...
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