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Question
Can I claim my capital losses of 10k in next year tax returns?
AI accountant’s answer:
Yes, you can carry forward your capital losses to future tax years if you can't fully use them in the current year, up to the annual limit. The annual limit on capital loss deductions is $3,000 ($1,500 if married filing separately). If your capital losses exceed this limit, you can carry forward the unused portion to offset gains in later years. You can continue to carry forward the losses until they are fully utilized. Just make sure to keep proper records to track your capital loss carryovers for future tax returns.
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