If an investor's capital losses exceed both their capital gains and the $3,000 limit for offsetting ordinary income, the remaining losses can be carried forward to be used in future tax years.

Authors

• Person: Not available Organization: Morgan Stanley
  Tax-Loss Harvesting Can Work Year-Round for Investors—Here's How

Sources

• Tax-Loss Harvesting Can Work Year-Round for Investors—Here's How www.morganstanley.com Morgan Stanley via serper

Referenced by nodes (1)

• capital gains concept