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If you buy stock for $10,000 and later sell it for $5,500 during 2021 and you have no further capital gains or losses, how much
If you buy stock for $10,000 and later sell it for $5,500 during 2021 and you have no further capital gains or losses, how much can you claim as capital losses on your future tax returns? | |
A. $4,500 of capital losses can be claimed on your 2021 tax return B. $3,000 of capital losses can be claimed on your 2021 tax return and nothing on future tax returns C. Capital losses cannot be claimed on tax returns D. $3,000 of capital losses can be claimed on your 2021 tax return and $1,500 can be claimed on your 2022 tax return |
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