Originally Posted by denismarty
Tax-software is calculating an allowable $3000 capital loss in 2013 This offsets some of our 2013 gains and related income. Normally this is fine. However 2013 is a bit different. To maximize our $7,500 tax credit for the electric car we bought we could use more income. If we DID NOT take any capital carry over loss this year could we "save" it to offset gains in the future?
yes;indefinitely. You can carry unused capital losses forward for as long as you live. Your capital losses will offset capital gains and up to $3,000 per year (or $1,500 for MFS status) if you have other taxable income but I guess your benefciiry can’t inherit it from you.