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Taxpayers can completely offset capital gains with capital losses. If an excess capital loss remains, married filing jointly taxpayers can deduct up to $ per
Taxpayers can completely offset
capital
gains
with capital losses. If an excess capital loss remains, married filing jointly taxpayers can deduct up to $
per year against ordinary income. The loss exceeding that amount is carried forward indefinitely.
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Principles of Accounting
Authors: Needles, Powers, crosson
11th Edition
1439037744, 978-1133626985, 978-1439037744
