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Author: CaptMess94 One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121061  
Subject: Loss Date: 11/19/1999 9:11 PM
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I sold stock for a gain of about 10K this year and transfered about 7K in IRAS to a ROTH so I am going to get hit hard..I have sold stock for about 3K so far and could sell more, but..

Is the rule on selling for a loss that you can deduct 3K from ordinary income and also as much as you need to offset your captial gains or is it just 3k total per year??
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