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#1
07-04-2006, 03:28 PM
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Distribute capital loss over few years
I made a wrong real estate investment and loss close 100k. I don't want
deduct all the in one year. Can I distribute my capital loss over few years. I'm an independent consultant and my income about is $120k. Now, you see why I don't to deduct all my loss this year. I prefer to deduct $40-$50k this year only and the rest in few years. Is this possible? Or do you have any recommend for me on this issue for income tax purpose? Thanks 
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#2
07-17-2006, 07:45 PM
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If it's truly a capital loss, you can only offset the capital loss against other capital gains, and up to $3,000 against your ordinary income. The remaining capital loss will be carried forward indefinitely until it can be used up.
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