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But the maximum benefit of a wash sale is only $3000 in deductions, which he is entitled to, but does not really effect his financial situation in any way.
by missedthecue 4y ago
But the maximum benefit of a wash sale is only $3000 in deductions, which he is entitled to, but does not really effect his financial situation in any way.
- klyrs 4y agoNot on capital gains, no: https://turbotax.intuit.com/tax-tips/investments-and-taxes/guide-to-schedule-d-capital-gains-and-losses/L1bKWgPea https://turbotax.intuit.com/tax-tips/investments-and-taxes/g... When used to offset other kinds of income, the $3k limit applies. https://turbotax.intuit.com/tax-tips/investments-and-taxes/capital-gains-and-losses/L7GF1ouP8 https://turbotax.intuit.com/tax-tips/investments-and-taxes/c...