My income for the year will only be about $5,000 and I will use the standard deduction which will eliminate any taxes owing.

But I've got about $20,000 in capital loss for the year. My tax program(tax cut) is taking the $3,000 as a deduction.

My question is whether I have to take the $3,000 deduction this year. Can I eliminate the deduction to 0 and carry a larger balance as a capital loss carrryover to 2009. It's worthless to me in 2008?