CAPITAL LOSS DEDUCTION

[martinreffsin24]

LINE 231 OF SCHEDULE LIMITING CAPITAL DEDUCTION OF $2,OOO,OOO TO $3,000?

[qbteachmt]

We're going to need (a bigger boat, or) more details, but please, not as many CAPITAL letters.

[abctax55]

None of my schedules HAVE 231 lines....

But in general, yes, capital losses are limited to $3K/year (in addition to any cap gain offset...)