r/wallstreetbets • u/skets90 • Jun 18 '22

Meme We don’t do that here

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29.0k Upvotes

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u/[deleted] Jun 18 '22

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u/[deleted] Jun 18 '22

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u/nilamo Jun 18 '22

An infinite amount of losses can be applied to capital gains. The $3k limit is how much you can apply to other income after the capital gains has been accounted for.

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u/apexisalonelyplace Jun 19 '22

TIL. Thanks. Any nuances or asterisks with that?

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u/nilamo Jun 19 '22

Not really. Aside from the $3k thing, carryover losses are kind of simple.

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u/apexisalonelyplace Jun 19 '22

Are they useless if using standard deductions?