If I report a capital loss, can I get some refund from the loss ?

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On the income tax return. Will some of that loss come back?

 

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Net loss of either type occured in the sale can offset the other kind of gain. If you have an overall net capital loss this year, you can deduct up to $3,000 of that loss against other kinds of income including your salary, for example, and interest income. Any excess net capital loss can be carried over to subsequent years to be deducted against capital gains and against up to $3,000 of other kinds of income.


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