1 Answers: Tax Deductions from Stock Losses?
Question
How much can I deduct from taxes for stock losses?
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Investing & Tax
4 years
1 Answer
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Answer ( 1 )
First. – you can use loses to offset capital gains dollar per dollar.
If your losses exceeds your gains, you can deduct $3000. If your losses exceed both your gains and the $3000, you may the excess to the following year and continue with the same process until you have used the losses in their entirety.
Unless the new tax code has changed it.