Situation: T/P makes an election by 4/15/09 for MTM. He has net $50k in losses, but can only use $3k this year. Can he use the entire carryover $47k next year?
- posted
15 years ago
Situation: T/P makes an election by 4/15/09 for MTM. He has net $50k in losses, but can only use $3k this year. Can he use the entire carryover $47k next year?
Not unless he has at least $44k of capital gains next year.
That will teach me to leave my wife's computer alone.
Ok. Now I'm really confused. (Is that better than stupid?) The from line above this posting window says, "Bill Brown " which is what it said when I was composing my previous post (the one about using, or misusing, my wife's computer). But, that post (and the one before it) purports to have been made by an "Andrea Brown" which is my wife's name. My wife was using my computer yesterday. What did she do to my google account?
Bill Brown
Dear moderator, this post is off topic for tax issues. Bill, you might have to click the sign out button and sign in as yourself.
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