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The maximum amount of net capital losses individual taxpayers may deduct against their ordinary income per year is: Multiple Choice a) $3,000. b) $5,000. $0, losses are not deductible. There is no maximum.
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The maximum amount of net capital losses individual taxpayers may deduct against their ordinary income per year is: Multiple Choice

a) $3,000.
b) $5,000. $0,
losses are not deductible. There is no maximum. All losses are allowed to be deducted. None of the choices are correct.

User Dwickern
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1 Answer

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Answer:Loss are not deductible.

Step-by-step explanation:

Net capital losses are not allowed as deduction from income for tax purposes. They may have been unreasonably incurred.

User Jeff Neet
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