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Author: cpassar Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121351  
Subject: tax loss Date: 12/27/2000 11:10 PM
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Hi, I think this is a simple question.
I cannot find the answer clearly spelled out though.

I have two stocks which lost about $3000 each.
If I sell them, I assume I can right these off
against any capital gains. Now, if I had a third
loser (which I do), and I sell this one and I have
no more capital gains, I believe I can use up to
$3000 on regular income. Is that true?

I keep reading $3000 max and I am not sure if they
mean above and beyond any capital gains or I can
only write off $3000 in loss total.

Thanks
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