Posted by sara on July 11, 2003 at 01:50:32:
Terry, One CPA tells me I can. Another CPA tells me I can not. I heard you can take the internet stocks capital loss from three years ago, and use it against this year’s stock market gains. Is this right? If so, can I use the internet stocks loss from three years ago, and use it against the capital gains from the sale of my second home this year, bought and sold short term(another story). A CPA friend told me YES. I want to make sure. Can I get the advise of the experts on this board? I don’t want the IRS to come to me asking for back taxes years down the road. Your advise/opinion is very much appreciated.