Using Short Term Capital Losses carry-over

A

azengel

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Say I have $10,000 in short term capital loss carry-over in 2013, and I have a $3,000 short-term capital gain in 2013. The $3,000 gain will be offset by the carry-over leaving $7,000. Can I then use the $7,000 remaining loss to take another $3,000 off of real income?
 
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kirby

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Yup. $3,000 but if your filing status is married filing separately, it is $1,500.
 
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