To file as Head of Household, you must be unmarried, support a qualifying dependent, and pay over half the cost of maintaining the home. A parent can qualify even if they don’t live with you. Learn More.
You can deduct capital losses to offset gains and reduce up to $3,000 of ordinary income each year. Losses beyond that can be carried forward. Be aware of the wash sale rule and special rules for claiming losses on worthless stocks.
