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Assume you purchased 1000 shares of Intel on May 1, 2018 at $55.20 per share and you sold your entire position on October 1, 2020
Assume you purchased 1000 shares of Intel on May 1, 2018 at $55.20 per share and you sold your entire position on October 1, 2020 at $44.20.
What is your capital loss?
Assuming you had no other stock sales in the year, how much of this loss can be deducted for tax purposes?
If its less than 100%, what happens to the rest of the loss?
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