3 the maximum amount of net capital losses individuals may deduct against their ordinary income per year is…
3 the maximum amount of net capital losses individuals may deduct against their ordinary income per year is multiple choice $3,000 $5,000 zero, losses are not deductible. there is no maximum. all losses are allowed to be deducted. none of the choices are correct.
Answer
Brief Explanations:
In the United States, for individual taxpayers, the maximum amount of net - capital losses that can be deducted against ordinary income per year is $3,000. If the net - capital losses exceed $3,000, the excess can be carried forward to future tax years.
Answer:
A. $3,000