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Subject:  Deducting Capital Losses Date:  11/2/2000  11:06 AM
Author:  jowz Number:  41425 of 124833

Are capital losses considered "above-the-line" or "below-the-line" deductible? I am asking, because I am not itemizing. Because my standard deduction is $4300 and the capital loss deduction is limited to $3000 (for year 2000 purposes), I would only benefit by selling if the deduction is "above-the-line."
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