Can I deduct a 3K long term stock loss as well as a 3K carry forward stock loss? I have no capital gains this year. Thsnks for your help!
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the maximum capital loss that can be deducted against other income is $3,000 any excess is a carryover. that $3k drops to $1500 if married filing separately.
If you have a $3000 carry forward loss, and a new loss of $3000, and no gains, then you deduct $3000 this year and carry forward the rest.
Thanks for your help!
All the best,
Sonia
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