Can You Use More Than $3,000 in Tax Loss Harvesting in a Year?

You can use $3,000 of capital losses against ordinary income each year. You are unlimited in how many capital losses you can use against or how much in capital losses you could use against capital gains. So there's lots of reasons why you might want to have lots of capital losses. If you've saved up hundreds of thousands of dollars of capital losses, you can use it to offset gains like that.

Transcript

Play full episode

Transcript

Episode notes

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!

Get the app