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vyom
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Joined: 29 Jan 2011
Location: India
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Posts: 24

Posted: 06 Nov 2011 at 05:50 \| IP Logged

What is the Individual Capital Gain and Loss Rules for tax year 2011 and forward?

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Thank you,
Vyom :)

CPA#1
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Joined: 01 Dec 2009
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Posts: 439

Posted: 08 Nov 2011 at 15:42 \| IP Logged

For Individuals, $3,000 of Capital Losses can offset against Ordinary Income. Any remaining Capital Losses can be carried forward indefinitely.

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