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URL:  http://boards.fool.com/ltlti-read-something-on-this-board-about-a-10066336.aspx

Subject:  Re: Capital loss Date:  12/17/1997  7:11 PM
Author:  TMFTaxes Number:  931 of 120806

<<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.

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Roy
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