> If your capital losses exceed your capital gains, the excess can be deducted on your tax return and used to reduce other income, such as wages, up to an annua

> If your capital losses exceed your capital gains, the excess can be deducted on your tax return and used to reduce other income, such as wages, up to an annual limit of $3,000, or $1,500 if you are married filing separately. https://www.irs.gov/uac/Ten-Important-Facts-About-Capital-Gains-and-Losses https://www.irs.gov/uac/Ten-Important-Facts-About-Capital-Ga...