Ayala Pharmaceuticals Inc (ADXS)

[bomba_travel]

$3k is the *net* loss allowed in a single tax year (not considering capital loss carryovers to future tax years). If you were handed $20K gains from mutual funds or other investment gains, then you could realize ADXS losses of $23k.

Of course if your only investment in the world was ADXS then yes, you could only write off $3k ADXS losses for this year and then have to keep track of the carryover in the future.