An individual taxpayer with 2017 net short-term capital loss of $5,000 generally can deduct up to $3,000 for AGI and carry the balance forward to 2018.

Question

Quizplus · Accepted Answer

This is true. An individual taxpayer with a net short-term capital loss of $5,000 can deduct up to $3,000 for AGI in 2017 and carry the remaining $2,000 forward to offset future capital gains or be used in future tax years.

An Individual Taxpayer with 2017 Net Short-Term Capital Loss of $5,000