### Comment:
That seems insanely low. If you’ve got a $1M portfolio, a 3% yearly loss would be 10 times the amount you can write off.  
  
 So just to get this straight, realized losses can’t all be deducted from your AGI?

### REPLY:
If your future income is basically from investing, you can use the previous losses to cancel out future earnings. The $3,000 limit is for other income (like the type your job pays you) 
  
 https://www.investopedia.com/articles/investing/111315/deducting-stock-losses-guide.asp

### END.