The case was decided at a time when losses could not be carried forward to future years.
Losses greater than that must be carried forward to future years.
Enter them once and they automatically carry forward to succeeding years.
The excess can generally be carried forward to future years.
The balance of the loss, $7,505, must be carried forward to future years.
Anything over $3,000 is carried forward indefinitely to future years.
Any excess losses must be carried forward to future years.
Any losses of more than $3,000 could be carried forward to future years.
Then up to $3,000 of net losses (Line 18) may be taken against other income, and any excess is carried forward to future years.
Anything over that would be carried forward to future years.