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How much long term capital loss can you deduct 2024?
$3,000
$1,500 $3,000
Questioner:Scarlett Gonzales 2023-05-08 00:39:33
The most authoritative answer in 2024
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Scarlett Martinez——Works at Artisan Coffee Co., Lives in Portland, Oregon.
You cannot deduct losses on the sale of property that you hold for personal use. Limit on Losses. If your capital losses are more than your capital gains, you can deduct the difference as a loss on your tax return. This loss is limited to
$3,000 per year, or
$1,500 if you are married and file a separate return.
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