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    Robert Dallas's Avatar
    Robert Dallas Posts: 1, Reputation: 1
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    #1

    Dec 19, 2008, 03:59 PM
    Short term capital gain carryover
    Can short term capital losses be carried over to next year?
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #2

    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.
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