Capital Loss Tax Deduction up to $3,000

If you are a U.S. taxpayer, what is the dollar amount of capital losses you can deduct against ordinary earnings?

Everyone knows you can offset capital gains with capital losses, but what if you have overall capital losses?

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#IRS #CapitalLosses #StockLosses

DISCLAIMER: I am a licensed attorney and certified public accountant (CPA) in the State of Florida. I am not a financial advisor. The information provided in this video is for entertainment purposes only. No such communication is provided in the course of an attorney-client relationship, and no communication is intended to constitute legal advice. You should speak with your own tax and legal professionals to discuss your circumstances before performing any of the tax, legal or accounting strategies demonstrated in this video. Thank you.