<<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.TMF TaxesRoy
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