Message Font: Serif | Sans-Serif
No. of Recommendations: 0
<<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 Taxes
Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.