You can only harvest $3000 in losses per year if you have more capital losses than capital gains.
That is laughably small.
And you can't deduct the losses from your other income while you can as a business.
That is laughably small.
And you can't deduct the losses from your other income while you can as a business.
Example, in year 1 you have a $15,000 net capital loss. You write off the maximum $3,000 of this against your other income, carrying over a $12,000 capital loss. In year 2 you have a $10,000 net capital gain, this is offset against your carried over loss leaving $2,000 to write off against your income.