marctu
Employee Tax Expert

Get your taxes done using TurboTax

@abbielane thank you for the question.  First, it is never good to lose money, so I am sorry to hear that you have an unrealized loss.

So, up to $3,000 per year in capital losses can be claimed in a tax year.  Losses exceeding $3,000 can be carried over to future tax returns for deduction against future capital gains taxes.  This carry over can be carried forward indefinitely. 

 

Be well and safe.

All the best,

 

Marc T.

TurboTax Live Select Time Tax Expert

26 Plus Years of Experience Helping Clients

 

 

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