Stock losses
Up to $3,000/yr
Can I Write Off Stock Losses?
Short answer: Yes, capital losses offset gains, plus up to $3,000 a year of ordinary income; the rest carries forward.
Watch the wash-sale rule if you rebuy within 30 days.
Records to keep: Keep receipts, statements (1098, 1098-T, 1099, W-2G), and a note of what each cost was for. Compare itemizing to the 2026 standard deduction before you claim.
BW-B22-00179
low risk
Stock losses
Typical range: Up to $3,000/yr
Individuals / Personal Taxes
Other Expenses
Personal Tax Deductions
Yes, capital losses offset gains, plus up to $3,000 a year of ordinary income; the rest carries forward.
BizWriteOffs provides educational information only and is not tax, legal, or accounting advice. Deductibility depends on your specific facts and records. Consult a qualified tax professional.
Business justification
Yes, capital losses offset gains, plus up to $3,000 a year of ordinary income; the rest carries forward. Watch the wash-sale rule if you rebuy within 30 days.
Category
- Personal Tax Deductions
personal deduction
search demand 2026
losses
investments