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    Fundamentals of Taxation
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    Exam 7: Capital Gains and Other Sales of Property Schedule D and Form 4797
  5. Question
    Unused Capital Losses in Any One Year Carry Forward Indefinitely
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Unused Capital Losses in Any One Year Carry Forward Indefinitely

Question 97

Question 97

True/False

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

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