One Important Tax Rule Concerning Capital Losses Is That

Multiple Choice

One important tax rule concerning capital losses is that

A) capital losses are always fully deductible.
B) a maximum of $3,000 of losses in excess of capital gains can be written off against ordinary income in any one year.
C) a maximum of $10,000 of losses in excess of capital gains can be written off against other income in any one year.
D) capital losses are never deductible.