Question

Taxpayers can completely offset ______ with capital losses. Taxpayers can deduct up to _____ per year against ordinary income.

Answer 1

Taxpayers can offset capital gains with capital losses and deduct up to $3,000 per year against ordinary income.

Step-by-step explanation:

Taxpayers can completely offset capital gains with capital losses. Taxpayers can deduct up to $3,000 per year against ordinary income.