"Billy" <billnospamever1234543[at]aol.com> wrote
- quote -




As far as I know, you'll still get to off-set $3000 of losses against other
income.







--
Paul A. Thomas, CPA
Athens, Georgia

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"Billy" wrote:

- quote -

Carryovers must be applied to the current year's transactions. No choice
involved.

See the Schedule D instructions.

--
Phil Marti
Clarksburg, MD

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<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

If there is no tax on cap gains for 2008 if in 15% tax bracket, can a cap
loss carryover from previous years be used if in same bracket?

tks all

bw

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<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >