Unused capital losses in any one year carry forward indefinitely to offset any future short-term or long-term gains.

Name: Unused capital losses in any one year carry forward indefinitely to offset any future short-term or long-term gains.
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Question

Quizplus · Accepted Answer

This statement is true. Unused capital losses from any year can be carried forward indefinitely to offset any future short-term or long-term gains. However, there may be certain limitations on the amount of loss that can be deducted in a given year.

Unused Capital Losses in Any One Year Carry Forward Indefinitely