Replies

To: FtrPilot

Only if you have no gains to offset, correct?

41 posted on 01/10/2023 5:09:00 PM PST by nascarnation (Let's go Brandon!)

To: nascarnation

I’ll check & get back to you.

43 posted on 01/10/2023 5:10:14 PM PST by FtrPilot

To: nascarnation

Only if you have no gains to offset, correct?

Correct.

If you have a capital gain of 10,000 and a capital loss of 9,000 your taxes would show a capital gain of $1,000.

If your capital loss is greater than your capital gains, then you can claim a capital loss of $3,000 per year.

56 posted on 01/10/2023 5:19:36 PM PST by FtrPilot

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