plebiANON on Nostr: If you only take capital losses, you are capped at subtracting $3k from your total ...

If you only take capital losses, you are capped at subtracting $3k from your total AGI. I’m not sure what you’re missing here. If you took a $50k capital loss, it would take 17 years to recognize it. Most people have income and capital gains/losses, and that’s why you want the losses to be subtracted from your income. You lost money.