Investment Losses

Kam_Pal
Kam_Pal Member Posts: 1 Newcomer
in Live Q/A Event

Good Morning,

If I have losses with short-term investing what is the max I can claim for tax year 2024?

Also, if my losses exceed the maximum can I continue to claim the losses in future years?

For example if I had 100k in losses I just claim the max per year, I wouldn't show the full 100k for year 2024?

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Answers

  • KennethH
    KennethH FreeTaxUSA Agent Posts: 15

    Hi,

    You can claim a maximum of $3000 of your losses each year. If you have gains to offset, the software will offset those gains and calculate a $3000 loss on the return. Any losses you have beyond the yearly maximum deduction will carry forward to subsequent years.

    Any other questions, please let us know.

    Thank you.

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