How can i take advantage of my capital oss carryover?

I have capital loss caryover and was wondering if there is some sort of investment that may pay a dividend like return but in the form of capital gains so that i can work off my caryover loss (and get the reutrns without tax)

You get to deduct $3k a year from other income, in most cases.

Otherwise just keep rolling it forward until you make a big gain. Or sell your home for more than $250,000 ($500,000 if married, joint return) gain.

That assumes you are in the USA; you didn't say. Other countries have different rules.

Well when I had one of these I started day trading a few stocks that I was comforable with... The gains I made were short term capital gains but I was able to offset all of them against my Long Term Loss carryforward and still have the 3,000 amount to deduct against my other income....

But be confident in your stock trades, you don't want to add more losses to your carryforward.....

If you have a asset that has appreciated (some stock, a piece of property that isnt your principal residence, etc) you can sell it and the capital loss carryover will offset the capital gain from the sale. Otherwise you can continue to deduct $3,000 each yeah until the loss is used.

One of the downsides of mutual funds is that they tend to pay out large amounts of capital gains right at the year end. In your case, maybe that wouldn't be such a downside. You'd still be investing your money, and the capital gain distributions could be offset against your l/t loss carryforward.

However, don't let the tax tail wag the dog! Only invest because it seems like a viable investment. Don't let tax considerations be the number one reason to invest in something!