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    Is there a limit to short-term losses that can be deducted?

    When you are offsetting short-term gains with short-term losses on your income tax return, is there a limit to the amount of short-term losses that can be claimed in any one year?

    0  Views: 1595 Answers: 3 Posted: 14 years ago
    Tags: income tax

    3 Answers

    You can deduct $3000 per year, and able to carry over the excess loss at $3000 per year thereafter.
    I believe there's a maximum you can deduct of $3,000 per year. check with IRS
    WHa do u mean
    jimbow

    I'm speaking of shares of stock... sorry if it was not clear.


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