Sabrina S. asked
I have incurred a short-term loss of $52,000 and a long-term loss of $41,000 in my stock market investments this year. How can I maximize my tax benefits, and can these losses be deducted from my total earnings or used to offset future gains?
August 16th, 2024
Anthony N. answered
Your total capital loss for the year is $93,000 (combining short-term and long-term losses). However...
August 16th, 2024
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