Solved
Can I offset my stock trading loss against my rental income?
For my stock long-term stock trading loss, does it offset first against my rental property rent income then against my ordinary income up to $3,000? Thanks!
Capital losses first offset capital gains. The remaining loss offsets up to $3,000 of all other income, other than capital gain. Rental income is included in all other income (which you are calling "ordinary income"). It is not a separate category of income as far as applying capital losses is concerned.
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