Start Your Free Return

E-File with TurboTax Free Federal Edition and Get the Largest Possible Refund FREE. E-File Your Taxes for Free Now.

TaxBox Newsletter

Keep up-to-date with important tax tips and article updates.

Join TaxBox

Not a member yet? Join the voice of thousands of taxpayers. Ask questions, get answers, receive tips & stay involved. Join TaxBox

TaxBox Search

Search TaxBox articles and knowledge base:

Capital Loss

Definition of Capital Loss:

A loss realized from the sale or exchange of a capital asset. Up to $3,000 of total capital losses may be deducted in any given year. If you have capital losses that exceed this amount, you may carry them forward until they have been fully deducted.