Maximum capital loss amount


In 2013, Yessenia will have taxable income of approximately $60,000. In 2013, Yessenia will also have a long-term capital loss of $9,000. Yessenia has no other capital gains or losses (in 2013 or prior years). For 2013, what is the maximum capital loss amount that Yessenia may use to offset her other income?

a. $9,000

b. $6,000

c. $3,000

d. $0

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Accounting Basics: Maximum capital loss amount
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