All net losses exceeding the $3,000 per year are carried over as long-term losses because they will have occurred more than one year ago.

Name: All net losses exceeding the $3,000 per year are carried over as long-term losses because they will have occurred more than one year ago.
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Question

Quizplus · Accepted Answer

Net losses exceeding $3,000 per year can be carried over to subsequent years, but they retain their original character as either short-term or long-term losses, depending on the nature of the original losses.

All Net Losses Exceeding the $3,000 Per Year Are Carried