It is more complicated than just carrying over loss... he can take that loss and apply it to his taxes as a credit (I don't know the details of the process) which gives added benefits.


A well reasoned argument is like a diamond: impervious to corruption and crystal clear - and infinitely rarer.

Here, as elsewhere, people are outraged at what feels like a rigged game -- an economy that won't respond, a democracy that won't listen, and a financial sector that holds all the cards. - Robert Reich