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Can you write off stock losses on your taxes 2024?

Charlotte Lee | 2023-05-08 00:39:07 | page views：1231
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Zoe Patel

Studied at the University of Melbourne, Lives in Melbourne, Australia.
Under the tax code, investors can write off any amount of losses against their gains. Thus, if you lose $50,000 on one stock and make $50,000 on another, these gains and losses will offset each other. ... If your losses exceed your gains, you can write off up to $3,000 of the excess losses each year against your income.
2023-05-18 00:39:07
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Lucas Wilson

QuesHub.com delivers expert answers and knowledge to you.
Under the tax code, investors can write off any amount of losses against their gains. Thus, if you lose $50,000 on one stock and make $50,000 on another, these gains and losses will offset each other. ... If your losses exceed your gains, you can write off up to $3,000 of the excess losses each year against your income.
How Much to Write Off on Your Taxes With a Loss in Stocks -- The ...
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