Deductions & credits

Thank you!

I didn't know that 3K is in addition to offsetting other gains.

So, would this be a plausible scenario (based on 60K loss)

year          passive income                      able to deduct

2021         2k  (CDs)                                         5k

2022         2k  (CDs)                                         5k 

....

2023         2k  (CDs) + 45k (stock sale)        50k

 

I would not necessarily structure it that way, but I just want to make sure I understood your point

I appreciate your help very much!