close
    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: 1600 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.


    Top contributors in Taxes category

     
    Ducky
    Answers: 4 / Questions: 0
    Karma: 240
     
    Colleen
    Answers: 12 / Questions: 0
    Karma: 180
     
    Benthere
    Answers: 0 / Questions: 0
    Karma: 120
     
    jhharlan
    Answers: 2 / Questions: 0
    Karma: 90
    > Top contributors chart

    Unanswered Questions

    BET88
    Answers: 0 Views: 13 Rating: 0
    BET88
    Answers: 0 Views: 7 Rating: 0
    How to Check Your Tyres for Wear and Tear
    Answers: 0 Views: 8 Rating: 0
    RR88
    Answers: 0 Views: 10 Rating: 0
    vibetsocial
    Answers: 0 Views: 10 Rating: 0
    red8888me
    Answers: 0 Views: 11 Rating: 0
    DA88
    Answers: 0 Views: 9 Rating: 0
    > More questions...
    488124
    questions
    724833
    answers
    819942
    users