How Much Stock Loss Can I Claim On My Taxes?

3 Comments

1. Judy
   Posted 2009/07/04 at 5:02 am | Permalink

   If your net loss on all of your stock sales is the $12K, you take $3000 against other income for this year and carry the other $9000 over to next year’s schedule D.
   The $3000 isn’t deducted from your taxes, it makes $3000 of your other income not taxed.

2. Wayne Z
   Posted 2009/07/04 at 9:34 am | Permalink

   Losses are first offset by gains and then you can deduct $3000 per year against other income.
   If this was your only transaction, you would deduct $3000 this year and carry forward the remained to be used in future years.

3. Tom
   Posted 2009/07/04 at 11:37 am | Permalink

   I agree with Wayne. But you have to offset short term losses against short term gains and the same for long term transactions.