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Old 03-30-2009, 01:56 AM
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Can capital losses less than $3,000 be carried over?

Hello -

I have a capital loss from a series of trades amounting to $1,450. This year, I do not have any capital gains and have only a few hundred dollars in taxes to offset, which means that I used a very small percentage of my capital loss as a deduction for this year.

So my question is if the 'unused' amount of my capital loss can be carried over to the following year to offset capital gains or to be used as a tax deduction.

Thanks
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