Claiming a Capital Loss Deduction - DWC CPAs and Advisors

Claiming a Capital Loss Deduction - DWC CPAs and Advisors

Have you ever invested in a company only to see its stock value plummet? (This may become relevant in light of recent market volatility.) While such an investment might be something you’d rather forget, there’s a silver lining: you can claim a capital loss deduction on your tax return. Here are the rules when a stock you own is sold at a loss or is entirely worthless. How Capital Losses Work As capital assets, stocks produce capital gains or los…