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Originally Posted by kumar65 What is the name of your state?
State : Texas.
2002 - capital short term loss 30K
2002 - capital long term loss 30k
2003 - No US income - no tax return filed
2004 - No US income - no tax return filed
2005 - how much I can deduct as capital loss and how much I can carryover? |
If this is homework, we don't do homework. You can find the information you are looking for at [url]www.irs.gov[/url].
If this is not homework, then I recommend that you have your return done professionally this year. You probably were required to file returns for 2003 and 2004 if you had any income at all, even if it wasn't US income. Therefore your situation may be a bit complicated.