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Returning Member
posted Jan 26, 2022 11:48:19 AM

C

0 1 501
1 Replies
Expert Alumni
Jan 26, 2022 11:57:37 AM

Yes, $3,000 per year until used. However, when you have capital gains, the losses will also help offset them. So, if you have $10,000 in capital gains next year, you will use $10,000 of the losses to offset that and then take the $3,000 allowed loss on your return. Therefore, you would have used $13,000 of the losses in that one year.