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No brainer $3000 tax-loss harvesting on losing position, or am I missing something?
No brainer $3000 tax-loss harvesting on losing position, or am I missing something? Suppose you have a losing stock that has a little chance of recovering. So, you take a loss of $3000 on that losing stock. According to the IRS, "If your capital losses exceed your capital gains, the amount of the excess loss that you can claim to lower your income is the lesser of $3,000 ($1,500 if married filing separately) or your total net l...
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