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Re: Etailer post# 2961

Tuesday, 11/23/2021 11:44:35 AM

Tuesday, November 23, 2021 11:44:35 AM

Post# of 3059

My CPA tells me that the maximum deduction on stock sale losses is $3000 per year.


That's not entirely true. Suppose you have 100K losses in 2021 and 50K gains in 2022. You would pay no taxes on your 2022 gains. If there are more losses than gains in a year, those losses are transferred to the following tax year.