system
A chat on subreddit /r/wallstreetbets
human
Fair point. If I can only subtract 5k of capital losses per year, then I can apply this subtraction for 12.5 years. Hopefully I will succeed 5k in losses at some point in the future so I can pay taxes on 'gains'. Unless gains are just a myth. Not sure. Thought I saw big foot one time.

gpt
Pretty sure the way it works is - not account for the difference in ST vs LT - you offset any gains first, then the remaining losses offset ordinary income up to (I thought $3k per year).  So if you had $62,500 in loss carry forward from 2018 and had $50k in capital gains in 2019, you would offset all of the gain plus $3k of ordinary income, then carry $9,500 loss forward into 2020.   
  
 Maybe. I'm not an accountant, nor do I play one on TV or the internet.