Capital Loss
What is it? A loss an investor suffers after selling an asset. Investors can write off capital losses on their taxes. The rules are that you can write off any capital loss against an equal amount of capital gain. If you use up all of your gains, you can offset up to $3,000 of losses a year against ordinary income. Additional losses beyond the $3,000 yearly limit can be carried forward into subsequent years.Added By: Trinity
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