> Do you mean $1500 in credit? why wouldn't all $3500 be deductions? Frankly, I'm not sure. I did it through Turbotax a week ago and didn't look closely at it.

> Do you mean $1500 in credit? why wouldn't all $3500 be deductions? Frankly, I'm not sure. I did it through Turbotax a week ago and didn't look closely at it. > Will this work every year, even in bull year? As long as you have a security that you can sell at a loss with a comparable security to replace it - yes.