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I believe that it's 3000 per year to offset other income (i.e. labor income). You can use capital losses to offset other capital gains without limit.

And either way it's only not taxing you for money you didn't get. They never share your pain in the same sense that they share your success.

Does that imply an effective limit of $150k or so? I've definitely had capital gains tax higher than that.

You cannot claim capital loss on a house sale.