Note the IRS currently limits capital loss deductions to $3,000 (individuals and married filing jointly) or $1,500 (married filing separately)
However, excess capital losses can be rolled over. So if you expect to ever incur taxable capital gains in your lifetime, then incurring capital losses now can still be good tax planning.
Note the IRS currently limits capital loss deductions to $3,000 (individuals and married filing jointly) or $1,500 (married filing separately)
However, excess capital losses can be rolled over. So if you expect to ever incur taxable capital gains in your lifetime, then incurring capital losses now can still be good tax planning.