Losses are not part of itemized deductions. You can take the stock losses regardless of whether you itemize.


TLDR: net capital loss up to $3k, like all deductions, mostly reduces tax at the ordinary-income marginal rates, but not completely To get the correct result, you have to actually go through the complete process, because trying to compute each piece separately first and then add them won't work reliably. First off, I'll assume you are single (or possibly ...

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