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
cap gaimns for 08
Apr 14, 2008
2 Replies
Carryovers must be applied to the current year's transactions. No choice involved.
See the Schedule D instructions.
"Billy" wrote
As far as I know, you'll still get to off-set $3000 of losses against other income.
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