@Shea
You can (and must) only deduct $3k of capital losses (whether from the same year or from a carryover) from ordinary income each year. The actual amount you can carryover is unlimited.
@Shea
You can (and must) only deduct $3k of capital losses (whether from the same year or from a carryover) from ordinary income each year. The actual amount you can carryover is unlimited.