Selling Stocks

I was told if I sell some stock and the prices went down I could deduct the loss on the taxes at filling

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Sep 29, 2011
Selling Stocks for Loss
by: Anonymous

Yes it is true that you can deduct losses on the sale of your stock sales. The losses can offset any other capital gains you may have and may be able to reduce your adjusted gross income by up to $3000 in a year. If you had losses in excess of $3000 you can carryover the excess amount over into your future tax returns as well.

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