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

Question

Quizplus · Accepted Answer

The maximum amount of net capital losses individual taxpayers may deduct against their ordinary income per year is $3,000. This means that if an individual has a net capital loss of $5,000, they may only deduct $3,000 against their ordinary income and carry forward the remaining $2,000 to future tax years.

The Maximum Amount of Net Capital Losses Individual Taxpayers May