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Old 01-16-2007, 07:56 PM
TaxGuru TaxGuru is offline
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Join Date: Jan 2007
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Dear PaulChamil,

Yes, you can carry those losses forward indefinitely, except for the annual $3,000 loss deductions that you are entitled by the tax code, thus, the total balance of accumulated losses are reduced by this amount.

If, however, you incur capital gains in future years, these accumulated loss carryover would be further reduced by these capital gains.
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