If you happen to have a situation where your capital losses are greater than your capital gains then, the extra amount left after the capital gain subtraction, can be claimed. The limit is $3,000 or $1,500 if you are married but, filing separately. Now here’s the really good news that you are probably looking for. If your net capital loss is more than the two amounts mentioned above then, you can carry forward the loss to later years. You will need to use the Capital Loss carryover Worksheet in Publication 550 to calculate the amount you can carry forward.

Learn More Here: http://hubpages.com/hub/Capital-Loss-Carry-Forward