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mrrayshao
New Member

For the $3000 capital gains loss that can be reported yearly, does it only count if I cashed out the stocks that were losses? Thanks

 
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ThomasM125
Employee Tax Expert

For the $3000 capital gains loss that can be reported yearly, does it only count if I cashed out the stocks that were losses? Thanks

Yes, you have to sell an investment to sustain a deductible loss.

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