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Individual taxpayers are limited to using $___ per year of net capital losses as a deduction from their ordinary income (e.g., W-2 income or Schedule
Individual taxpayers are limited to using $___ per year of net capital losses as a deduction from their ordinary income (e.g., W-2 income or Schedule C net profit). Explain what happens to excess capital losses i.e., annual net capital losses exceeding the amount that can be deducted against ordinary income.
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