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Level 1
December 2, 2021

CAPITAL LOSS DEDUCTION

  • December 2, 2021
  • 2 replies
  • 6 views

LINE 231 OF SCHEDULE LIMITING CAPITAL DEDUCTION OF $2,OOO,OOO TO $3,000?

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    2 replies

    qbteachmt
    Level 15
    December 2, 2021

    We're going to need (a bigger boat, or) more details, but please, not as many CAPITAL letters.

    Don't yell at us; we're volunteers
    abctax55
    Level 15
    December 2, 2021

    None of my schedules HAVE 231 lines....

    But in general, yes, capital losses are limited to $3K/year (in addition to any cap gain offset...)

    HumanKind... Be Both