In a perfect world, you would never have any stock market losses. All your investments would be hugely profitable. Unfortunately, this does not usually work out that way for anyone, not even Warren Buffett. However, one comforting note to remember whenever you do experience a loss is that losses can be applied to reduce your overall income tax bill. You can use capital losses to offset capital gains during a taxable year, allowing you to remove some income from your tax return. If you don’t have capital gains to offset the capital loss, you can use a capital loss as an offset to ordinary income, up to $3,000 per year. To deduct your stock market losses, you have to fill out Form 8949 and Schedule D for your tax return. #finance #invest #stockmarket #trader #dividendstocks #trading #millionaire #financetips #stockinvesting #motivation101 #investors #successquotes #makemoney #personalfinance #education #quote #makemoney #business101 #coachingtips #successhabits #wealth #businesstips #motivationalquotes #inspiration l#financialfreedom #taxes #capitalloss #capitalgain #irs #tax #taxdeductible