Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 2 years ago,
Flipping homes and capital loss carryover
I buy and sell a house within a year, lets say with a net profit of $100,000 after everything.
I also have "capital loss short term carryover" of $44K and "long term capital loss
carryover for $22K". Both from the previous year. These are from previous stock transactions.
The question is can I offset the profit of $100K from selling home
with the short/long term carryover?
If allowed, will it apply to short-term carryover or long-term carryover?