What Is an Individual's Maximum Annual Deduction for Capital Losses

question 91

Multiple Choice

What is an individual's maximum annual deduction for capital losses?

• A)$3,000
• B)An amount equal to capital gains only
• C)An amount equal to capital gains plus $3,000
• D)Individuals cannot deduct capital losses

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Definitions:

Organization

An entity composed of people and resources structured in a way to achieve specific goals, often through coordinated activities and processes.

Employee Surplus

A situation in which a company has more employees than needed, often leading to layoffs, reassignments, or other workforce adjustments.

Hiring Freeze

A temporary halt in the recruitment process, typically implemented to reduce costs or reassess staffing needs within an organization.

HRIS

Human Resource Information System, a software or online solution for managing an organization's human resources data and processes.