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Updated almost 8 years ago, 02/16/2017
Short term capital loss vs. long term capital loss
Hi BP members,
I am looking to sell SFH houses with capital losses in the double digits if I sell them now (just the situation that I am currently in). I bought them less than 1 year ago and could sell them now and realize short term capital losses. Alternatively, I could hold onto them a few more months until I have had them for more than a year, sell them and realize long term capital losses. I would prefer to sell them now if there is no significant difference; however, my question is: Which option is more favorable and why as I will be making investment in the future?
Any feedback from someone who knows about this would be appreciated.
Thank you,
Andrew