My parents have a few hundred thousand in capital losses. How do we make the most out of this from a tax perspective?

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The short answer is realizing capital gains. The long answer is I suggest you get a CPA if it’s in the hundreds of thousands.

likesmart

Offset them with some capital gains or... carry them forward to offset future gains.

likesmart

Write off $3500 a year and hopefully they live another 100+ years

likesmart

Did dad yolo it on options? Respect if so

likefunny

Realized capital losses or paper?

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You can offset them against regular income. I think up to $3k.

It is 3k

Want to talk to my family’s investment team? I can provide contact info.

Sure thing, if you don’t mind DMing me

The 3.5k isn’t incremental to the 12k non itemized deduction right?

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