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Returning Member
posted Dec 2, 2024 8:13:30 AM

Can $23k of interest income (CD and/or SPAXX interest) be offset with a $23K loss in a stock to balance zero

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1 Best answer
Level 15
Dec 2, 2024 8:44:52 AM

Only up to $3000 per year.  The rest is carried forward.  Capital losses only fully offset capital gains, not interest or other types of income.  If you have no capital gains to offset, you can deduct $3000 of your losses and carry the rest of the loss forward. 

1 Replies
Level 15
Dec 2, 2024 8:44:52 AM

Only up to $3000 per year.  The rest is carried forward.  Capital losses only fully offset capital gains, not interest or other types of income.  If you have no capital gains to offset, you can deduct $3000 of your losses and carry the rest of the loss forward.