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  3. individual taxpayers are limited to using $___ per

Individual taxpayers are limited to using $___ per year of net capital losses as a...

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Accounting

Individual taxpayers are limited to using $___ per year of net capital losses as a deduction from their ordinary income (e.g., W-2 income or Schedule C net profit). Explain what happens to excess capital losses i.e., annual net capital losses exceeding the amount that can be deducted against ordinary income.

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