read.tull[at]att.net (Read) posted:

- quote -

Only one: They can be offset by capital gains, up to the
full amount of the carry-over.

Absent capital gains, there is *no* way to use more than
$3,000 per year under current law.

Bill

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"Read" <read.tull[at]att.net> wrote:

- quote -

Have capital gains that the capital loss can offset. The
carryover then gets used up at (net capital gain for the
year + 3,000) but no faster.

--
Chris Green

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"Read" <read.tull[at]att.net> writes:

- quote -

Schedule D nets out each year, so if you have winners that
you want to sell and recognize gains on, they will be offset
by your carryover. If you're planning on dying before the
carryover gets used up this would be something to think
about. Otherwise, you get at least as much tax benefit by
using the carryover $3,000 per year against ordinary income,
and more of a tax benefit than you get from using it against
long-term capital gains.

Phil Marti
Topeka, KS

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- quote -

Sell some at a gain and use up some losses that way.

Helen, EA in PA
Member of The Tax Gang
Director, National Assoication of Enrolled Agents
Immediate Past President, PA Society of Enrolled Agents

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"Read" <read.tull[at]att.net> writes:

- quote -

If you mean "can I take more than $3,000 of capital losses
against ordinary income", the answer is "No."

--
Rich Carreiro rlcarr[at]animato.arlington.ma.us

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Is there any way to accelerate (stock sale) capital loss
carry-overs to more than $ 3,000 per year.

--
Read

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