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$3k max capital loss vs. capital gains.
Hi guys. I took a big long term capital gains loss in 2023. I'm reading that there is a maximum capital gains loss of $3k per year, with the rest being carried over to future years. My question is, is it a maximum of $3k, or a maximum of $3k over your capital gains? If i am claiming $10k in capital gains, can I claim $13k of capital loss?
Thanks!
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‎January 20, 2024
7:21 AM