_____ 9. Individuals can only deduct capital losses to the extent of capital gains plus $3,000.

Name: _____ 9. Individuals can only deduct capital losses to the extent of capital gains plus $3,000.
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This is true according to the tax code. If an individual has more capital losses than capital gains in a given year, they are only able to deduct up to $3,000 of those losses. Any excess may be carried forward to future years.

_____ 9 Individuals Can Only Deduct Capital Losses to the Extent