What is the name of your state? NY
Quick question about statute of limitations on capital loss carryover. If in 2004 I exceeded $3,000 in net capital loss, but didn't carry any of the excess over in 2005 (because I didn't need it to get a full refund that year), am I now eligible to carry over that excess loss from '04 to use with my 2006 federal return? i know that you can continue to carry capital loss over year after year until it is used up, but what if you skip a year? Is it still yours to use?
Thanks for your help.
Quick question about statute of limitations on capital loss carryover. If in 2004 I exceeded $3,000 in net capital loss, but didn't carry any of the excess over in 2005 (because I didn't need it to get a full refund that year), am I now eligible to carry over that excess loss from '04 to use with my 2006 federal return? i know that you can continue to carry capital loss over year after year until it is used up, but what if you skip a year? Is it still yours to use?
Thanks for your help.