how long can capital loss be carried forward
Carrying Losses Forward. You can use a maximum of $3,000 of capital losses each year as a write-off against income other than capital gains.If your losses are greater than your gains by more than $3,000, the extra losses above the $3,000 limit should be carried forward to future tax years.In the next tax year, the carry forward loss would again be first used against capital gains, and another $3,000 of excess would reduce other income.For a large loss and no capital gains, your loss will carry forward indefinitely with a $3,000 reduction in the carry amount each year until it is at zero.arrying Losses Forward. You can use a maximum of $3,000 of capital losses each year as a write-off against income other than capital gains.