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Augustus1 Augustus1
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Posts: 1894
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7 years ago
If the taxpayer's net long term capital losses exceed the net short-term capital gains, the excess may be offset against ordinary income up to $3,000 per year, but the excess over $3,000 may be carried over indefinitely.
Textbook 
Prentice Hall's Federal Taxation: 2011: Individuals

Prentice Hall's Federal Taxation: 2011: Individuals


Edition: 14th
Authors:
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We do not judge the people we love.

Prentice Hall's Federal Taxation by Kramer
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Yoko900Yoko900
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7 years ago
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Augustus1 Author
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7 years ago
I needed this so bad, I'm laughing right now from happiness
We do not judge the people we love.

Prentice Hall's Federal Taxation by Kramer
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