Quote:
Originally Posted by Idigmygirls
Capital losses cannot be written off against ordinary income, but it can be used to offset any capital gains you have (or will have in the future), so long as it is "carried forward" on each year's tax return when you file it.
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You can up to a certain amount. "If you don’t have capital gains to offset the capital loss, you can use a capital loss as an offset to ordinary income, up to $3,000 per year."