04-30-2004, 02:57 PM
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 Re: Capital loss limitation mrchongo[at]hotmail.com writes: - quote - > I understand that I am limited to a $3000 deduction each year for
No, it's not.> capital losses in the stock market. Is that limitation subject to any > offset, exclusion or deductible amount? - quote - > (For instance the
That's not true, either. The rule is that you can only deduct> miscellaneous expenses deduction is subject to an exclusion of $750, I > think.) Thanks. misc expenses in excess of 2% of your AGI. 2% of your AGI is in general not equal to $750. -- Rich Carreiro rlcarr[at]animato.arlington.ma.us |
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#-1
04-30-2004, 01:15 PM
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| Capital loss limitation I understand that I am limited to a $3000 deduction each year for capital losses in the stock market. Is that limitation subject to any offset, exclusion or deductible amount? (For instance the miscellaneous expenses deduction is subject to an exclusion of $750, I think.) Thanks. |
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| capital, limitation, loss |
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