close
    1. Home
      2. ›
    2. Business & Finance
      3. ›
    3. Taxes
      4. ›
    4. Is there a limit to short-term losses that can be deducted?
    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?

    Answer this
    0  Views: 1541 Answers: 3 Posted: 13 years ago
    Tags: income tax
    Comment this question

      3 Answers

      You can deduct $3000 per year, and able to carry over the excess loss at $3000 per year thereafter.
      13 years ago. Rating: 0
      Comment this answer

        I believe there's a maximum you can deduct of $3,000 per year. check with IRS
        13 years ago. Rating: 0
        Comment this answer

          WHa do u mean
          13 years ago. Rating: 0
          Comment this answer

            jimbow

            I'm speaking of shares of stock... sorry if it was not clear.
            commented 13 years ago


            Did this answer your question? If not, then ask a new question.

            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
            466435
            questions
            722240
            answers
            785354
            users