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carry-forward |
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At the same time, the $50,000 gain (longterm capital) allows T to take the $40,000 long-term capital loss carry-forward. a net operating loss carry-forward for federal income tax On the other hand, 274 days remain after the change date; therefore, 274/366 of the loss, or $599, will be attributable to the postchange period and will be eligible for carry-forward without application of the Sec. |
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