Robert Dallas
Dec 19, 2008, 03:59 PM
Can short term capital losses be carried over to next year?
MukatA
Dec 21, 2008, 03:50 AM
On 2008 tax return you can adjust $3000 of capital loss against ordinary income. Rest is carried forward.
When you carry over a loss, it remains long term or short term. For carryover, use short term loss first.