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First time tax loss harvesting. Please help
I make 100k salary. I have about 3k in taxable income from stocks and I’m trying to understand how much of my losses I should sell off.
I know the irs limits your losses to 3k per tax year. So I’m my situation can I take 6k in losses (3k to offset my other 3k in gains and then 3k off my income) or does it not work that way and I can only accept 3k in losses