A taxpayer sells a capital asset and realizes a capital loss. For individual tax

date：2026-10-08 16:14:52 author：admin browse： time View comments Add Collection

A taxpayer sells a capital asset and realizes a capital loss. For individual tax

A taxpayer sells a capital asset and realizes a capital loss. For individual tax, net capital loss deduction limit against ordinary income per year is:

A. $0

B. $3,000

C. $10,000

D. Full amount of loss

Answer: B

Explanation: Individuals can deduct up to $3,000 net capital loss against ordinary income annually; carry forward excess.