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Deductions & credits
Your total capital gains for the year minus your total capital losses result in a net gain or a net loss. You can deduct a net loss of up to $3000. Any capital loss you cannot deduct this year will be carried forward and used in the next year that you will be able to claim the loss. The amount of the write-off is only $3000 with no work around to change that amount.
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March 5, 2023
12:18 PM