The maximum amount of net capital losses individual taxpayers may deduct against their ordinary income per year is:

Question

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Individual taxpayers may deduct up to a maximum of $3,000 of net capital losses against their ordinary income per year. Any excess capital losses can be carried over to future years to offset future capital gains or up to $3,000 of ordinary income each year until the losses are fully utilized.

The Maximum Amount of Net Capital Losses Individual Taxpayers May