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player1234

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Re: The_Pro post# 58461

Saturday, 11/23/2019 4:37:39 AM

Saturday, November 23, 2019 4:37:39 AM

Post# of 70340
You can deduct capital losses dollar for dollar against capital gains up until the point it equals the capital gains. Then you can deduct the additional $3000 against ordinary income if the losses exceed the gains. If you still have additional losses, they carry over into the next year.

This is US tax law.

"Sometimes people don't want to hear the truth because they don't want their illusions destroyed." - Friedrich Nietzsche
"None so deaf as those that will not hear. None so blind as those that will not see." - Matthew Henry

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