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Old 09-24-2018, 10:38 PM
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Join Date: Sep 2018
Location: Oklahoma
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LT Prior year loss carryover but insufficient current income

I am working on a lady's taxes and she has had a LT capital loss carryforward for several years but has insufficient current income (2017) to deduct it. Further, she is virtually disabled and unlikely to ever earn enough to owe taxes again. What happens to this carryforward? Can she deduct it anyway for a potential tax credit? Thanks in advance.



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