Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago,

User Stats

2,863
Posts
2,026
Votes
Alecia Loveless
Pro Member
2,026
Votes |
2,863
Posts

Can I Offset My Capital Gains?

Alecia Loveless
Pro Member
Posted

I've had a property for a little over a year. By the time of its closing its gains will qualify as Long Term Capital Gains, and I expect them to be around $90,000. As I'm a fairly new investor will the capital gains taxes on this be partially offset by the losses at my other properties next tax season? I've got some improvements to make that won't be that much but will be in the $25-35000 range on some of my other properties. 

I can't do a 1031 because the cash from this property is earmarked for another property that has to be done in cash.

  • Alecia Loveless
  • Loading replies...