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M
mayanksingh101
December 23, 2022
Question

Can loss harvest tax for Capital Losses on stocks this year to offset Capital Gains from last year?

  • December 23, 2022
  • 1 reply
  • 0 views
I have capital gains from selling stocks in 2021, but I have capital losses from stocks in 2022. Can I offset the gains from last year for tax purposes in current year?

1 reply

B
Bsch4477
Employee
December 23, 2022

No. You can only offset gains from 2021 with losses from 2021 or from carry over losses from previous years. 

    M
    mayanksingh101Author
    December 23, 2022

    Thank you.

    fanfare
    fanfare
    Employee
    December 23, 2022

    your realized losses this year can be deducted up to $3,000.

    Depending on how you look at it, that offsets gains in 2021, up to $3,000.

    @mayanksingh101 

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