The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Capital loss||Date: 12/17/1997 7:11 PM|
|Author: TMFTaxes||Number: 931 of 125707|
<<I read something on this board about a $3000 limit for capital loss.Does this apply to each stock or
is this the most you can claim per year??>>
That is a yearly amount.
Once you net out all of your capital gains and losses, if you find that you have a net loss, you can use up to $3k of that loss against normal income (such as salaries, interest, dividends, etc.). Any amount over the allowable $3k will be carried forward as a capital loss carryover into the next tax year.
|Copyright 1996-2017 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|