If you have 200000 in losses one year and then 100000 in gains the next year can you write off 100000 or are you limited to the 3000 per year write down?

If you have 200000 in losses one year and then 100000 in gains the next year can you write off 100000 or are you limited to the 3000 per year write down?
You're capital loss carry forward can be written against the gains. The 3,000 applies only in EXCESS of capital gains. Therefore you can write off 103,000 and carry forward the balance.

Year 1: 200k capital loss. Write off 3,000 carry over 197,000
Year 2: 100k Capital gain - 100k capital loss (out of the 197) plus an additional 3k against ordinary income. Carry forward 94k of Capital loss for next year.

http:/www.fairmark.com/capgain/capgain.htm