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Yes, you have the choice to deduct less than $3000. This is the upper limit for deductions and you can deduct less than that.

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โˆ™ 2014-11-20 06:17:48
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Q: If you have more than a 3000 dollar long term capital gains loss can you deduct less than 3000?
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Have capital gains. Otherwise restricted to 3000 a year against ordinary income.


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Do you deduct all investment looses on your 2008 tax return or am i limited to 3000.00?

First..."realized" losses...not just a drop in value, a loss at sale....you must realize the loss. Capital losses are available against Capital gains...(ther are short & long term holding considerations too), and then $3000 are available against oridinary income. Any amount of losses not used can be carry forwarded and used as above, incl the $3000 year, until used up. Hence, your not limited...and if you make some good gains this year (or next) the losses will be available against them...to an unlimited amount. It is the excess that is limited.


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If you have 200000 in losses one year and then 100000 in gains the next year can you write off 100000 or are you limited to the 3000 per year write down?

You're capital loss carry forward can be written against the gains. The 3,000 applies only in EXCESS of capital gains. Therefore you can write off 103,000 and carry forward the balance.Year 1: 200k capital loss. Write off 3,000 carry over 197,000Year 2: 100k Capital gain - 100k capital loss (out of the 197) plus an additional 3k against ordinary income. Carry forward 94k of Capital loss for next year.http:/www.fairmark.com/capgain/capgain.htm


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How many years can you claim investment losses on your taxes know it 3000 a year if filing married Ex loss 30000 in 2008 claim 3000 on 2008 taxes Can you claim 3000 for 10 years are is it a limit yrs?

If you had a net $30,000 capital loss in 2008, you would use $3000 to offset ordinary income in 2008 and carry $27,000 forward to 2009. In 2009, the $27,000 you carried forward would be treated as if it were a brand new capital loss that first occurred in 2009. It would be treated just as if you sold a stock in 2009 for a $27,000 loss. You would first use the full $27,000 to offset any capital gains that you had in 2009. If there was anything left after offsetting capital gains, you would use $3000 to offset ordinary income and then carry over what was left to 2010. You can keep doing this until you die. Your heirs or estate cannot use any capital loss that is left when you die. For example, let's say you get lucky in 2010 and sell a stock for a $10,000 profit. You would use $10,000 of the $27,000 to offset the profit. Then you would use $3000 more to offset ordinary income in 2010. Then you would carry $27,000 - $10,000 - $3000 = $14,000 to 2011.


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3000 Euro equals 3295.35 US Dollar. Conversion as of 15th December 2015. Note; exchange rates change daily.

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