Are you able to claim stock market losses on your tax return?

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Are you able to claim stock market losses on your tax return?

2007-01-31 14:01:33 · 3 answers · asked by Joel R 1 in Business & Finance ➔ Taxes ➔ United States

3 answers

Yes, on Schedule D of your Form 1040. If your loss is less than $3,000 you may deduct the loss against income in full. If more than $3,000, you will deduct $3,000 this year and carry the rest of the loss to deduct against income in future tax years.

2007-01-31 14:13:56 · answer #1 · answered by Anonymous · 0⤊ 0⤋

Yes, but only after you sell the stock.

2007-01-31 22:11:22 · answer #2 · answered by Wayne Z 7 · 0⤊ 0⤋

Yes. It may be limited but use Sch D.

2007-01-31 22:07:20 · answer #3 · answered by Nusha 5 · 0⤊ 0⤋