Noob question: I know that you can only deduct upto $3K or so of losses that exceed your gains in any tax year. If I have $13K in short term losses in 2018, and I carry over the $10K that I could not deduct to 2019, and if I have $11K of short term gains in 2019, can the whole $10K be used to offset those gains? I am a little unclear whether once you carry forward, you can only get a tax benefit at $3K a year. I'd appreciate any clarity on this matter, thanks!
Submitted October 11, 2018 at 02:24PM by ooneeque https://ift.tt/2CEXv1V
