[Mouton]

And if you have a long term loss you can only deduct 3K per year after zeroing out short term gains. Had one huge one in the 80s. Took forever to whittle it down.

[zeestephen]

Re: "3K per year for capital loss"

Yes, I know that pain very well.

I dropped almost 100K in penny stocks in the financial blood bath that followed the human blood bath on 9-11-2001.

I think my final 3K deduction is in 2032.