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genman
Level 1
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  • Is the $3000 max deduction for investment losses per year directly off of the tax you owe or is it $3000 deducted off of your gross income?
    genman
    1
    Updated Apr 10, 2024
  • I'm curious, If I had lost this investment money and it was with after taxed funds, how much could I deduct from my taxes?
    genman
    4
    Updated Apr 10, 2024
  • Wow! What a big difference. I just have to eat the total loss. I wish I hadn't used my IRA money for the investment. I could have had a deduction for many, many...
    genman
    Updated Apr 10, 2024
  • I still have a small amount of money remaining in my IRA account. Most went to invest in this company.So because the money I used to invest in this company was ...
    genman
    7
    Updated Apr 10, 2024
  • So if I understand what you're saying. I put money in my traditional IRA back many years ago and therefore didn't pay income taxes on that money going into the ...
    genman
    9
    Updated Apr 10, 2024
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