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N
Nico1961
April 15, 2024
Question

Losses

  • April 15, 2024
  • 1 reply
  • 0 views

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

    1 reply

    A
    AnnetteB6
    April 15, 2024

    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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