### Comment:
Here’s the benefit. You carry over the excess loss the next year. Let’s say you make a YOLO of a lifetime and turn that $35k into $500k. If you carried over in excess of $465k in losses, you’ll pay no tax on the gains.

### REPLY:
My problem is I owe 200k in tax from last year that got wipped out of my account with no real way to pay it back. So let’s take this one step at a time.

### END.