03-09-2013, 01:32 PM
OrsunVZ Wrote:Do you get a refund for Capital Loss???
Grieve Wrote:No, but you can carry it forward to future years to offset any gains.
Yea, your losses can offset any gains you made in that year. If your losses are greater then you gains, then you can deduct 3k as a loss. anything over the 3k can rollover to the next year / future years.
I understand why the rule is there, but it always seemed unfair. If someone made 100k in gains, its all taxed. If you loss 100k, you can only deduct 3k.
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"If you want to change the world, be that change."
--Gandhi