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Tax Question: Capital Gains / Loss
Spent the day doing our Federal and State (had to do 2 due to a move) returns ... there goes 6 hours I'll never get back.
Anybody know of a way a married filing jointly federal return can use more than the $3,000 capital loss from a carryover perspective ? I'd like to be able to apply more of the carry forward loss we have due to market investments but I can't see where that is possible.
We don't own any businesses, rental properties, etc. ... just a run of the mill 1040 filing.
Thanks.
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Doug
'81 SC Coupe
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