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Old 01-27-2007, 12:08 AM
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The maximum losses that are deductible in a current tax year is $3,000 per year! These losses would be offset against your regular taxable income.

In general, Capital losses are deductible to the extent of capital gains. If the losses exceed the gains, the a maximum of $3,000 losses are deductible in the tax year with the excess carried over for future years to be offset against future gains.
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