If an investor's capital losses exceed their capital gains, the excess capital losses can be used to offset up to $3,000 of ordinary income each year.

Authors

• Person: Not available Organization: CLA
  Personal Tax and Wealth Planning for Year-End: Five Key Strategies
• Person: Not available Organization: Morgan Stanley
  Tax-Efficient Investing: Helping Keep Returns | Morgan Stanley

Sources

• Personal Tax and Wealth Planning for Year-End: Five Key Strategies www.claconnect.com CLA via serper
• Tax-Efficient Investing: Helping Keep Returns | Morgan Stanley www.morganstanley.com Morgan Stanley via serper

Referenced by nodes (3)

• capital loss concept
• ordinary income concept
• capital gains concept