Losses

Is the short term stock losses maximum deduction $3,000

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Yes, unless you have capital gains for the losses to offset, the maximum loss than can be taken in any given year is $3000. Any excess will carry over to a future tax year.

See the following TurboTax help article to learn more:

What is a capital loss carryover?

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Do I type a "0" or fill in the loss box and put the numeral down - VA form 760 line 15. The instructions do not say. My result is negative.

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