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Question

stock losses

Forum|Forum|2 years ago
February 7, 2024
1 reply
14 views

I have a long term stock purchased for $3000. It has lost 2/3 of it's value. When I sell this year, how much would I be able to deduct the following year?

Ask the Experts - MetLife II - Feb 2024

Alumni - Intuit

Your net capital gain/loss is calculated by subtracting your capital losses from your capital gains (Schedule D). If you have a net capital loss, you can deduct up to $3,000 ($1,500 if Married Filing Separately) per year as a capital loss. If your net capital loss is more than the yearly limit, you can carry the loss to next year's return as a capital loss carryover.

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