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RD, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 8784
Experience:  CPA, MBA, Over 10 yrs of experience in tax planning and business consulting..
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I have sold stock in 2008 and have a loss of over $6000. what

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I have sold stock in 2008 and have a loss of over $6000. what is the maxium loss that I can take off my taxes?
Submitted: 7 years ago.
Category: Tax
Expert:  RD replied 7 years ago.

Do you also have capital gain from sale of stock or other investments?


If your capital losses exceed your capital gains, the amount of the excess loss that can be claimed is limited to $3,000, or $1,500 if you are married filing separately. If your net capital loss is more than this limit, you can carry the loss forward to later years.



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