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May 30, 2021
Question

long term capital gain on rental property sale vs short term stock losses

  • May 30, 2021
  • 1 reply
  • 0 views

Hi

 I sold my rental property for 100K profit. Held for 5 years. I have been carrying 30K short term losses from stocks for last few years. Can I deduct 30K  stock losses from  100K property gains when I file taxes next year?

    1 reply

    Employee
    May 30, 2021

    Yes, any capital gains from the sale of your rental property will be reduced by any carry over capital loss.