A capital loss that is not deductible in the current year because it exceeds the annual capital loss ceiling, but may be deductible in future years. In general, only $3000 in capital losses can be claimed in any one year, but the excess loss can be carried over indefinitely. also called capital loss carryover.
Related information about loss carryover:
- Capital Loss Carryover Definition | Investopedia
The net amount of capital losses that aren't deductible for the current tax year but can be carried over into future tax years. Net capital losses (total capital losses ...
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Nov 7, 2012 ... Use the Capital Loss Carryover Worksheet in Publication 550, to figure the amount carried forward. Additional information on capital gains and ...
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Capital losses can carryover to future tax years to be used to offset future capital gains.
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Definition of loss carryover: A capital loss that is not deductible in the current year because it exceeds the annual capital loss ceiling, but may be deductible in ...
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Capital Loss Carryover Worksheet. If you have a net capital loss greater than $3,000 for the year -- that is, if your capital losses exceed your gains by more than ...
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Apr 17, 2009 ... Can I use a long-term capital loss carryover to offset a short-term capital gain? In short, yes, you can offset a short-term term capital gain with a ...
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In 2009 I sold stocks and had a capital loss of $3500. I took a $1500 deduction from that against income (I was married filing separately at the ...
- Capital Loss Carryover - Lose It If Schedule D Not Filed? | Intuit ...
Oct 26, 2012 ... Client had a big capital loss in 2007. He didn't have any transactions in later years, and so didn't file any Schedule Ds.