Can a capital gains loss be used with the Standard Deduction?

Glenn-engle75 — Wed, 04 Feb 2026 06:48:52 GMT

Re: Can a capital gains loss be used with the Standard Deduction?

rjs — Thu, 03 Apr 2025 01:38:40 GMT

Yes, you can claim a capital loss and claim the standard deduction. They are completely separate. A capital loss is not an itemized deduction.

SabrinaD2 — Thu, 03 Apr 2025 01:47:32 GMT

Yes, you can use a capital gains loss with the Standard Deduction. Here's a summary:

Capital gains losses can be used to offset capital gains. If your losses exceed your gains, you can deduct up to $3,000 of the excess loss against your ordinary income each year.
- f your capital losses exceed your capital gains, the amount of the excess loss that you can claim to lower your income is the lesser of $3,000 ($1,500 if married filing separately) or your total net loss shown on line 16 of Schedule D (Form 1040), Capital Gains and Losses.
This deduction is separate from the Standard Deduction, meaning you can claim both on your tax return.

For more detailed information, you can refer to the IRS guidelines on capital gains and losses.

[Edited 04/02/2025|6:46 pm, PST]@Glenn-engle75