Can real estate gains offset short-term stock losses?

[Jasper Cooper]

I had significant losses from the stock market from stupidly selling at the wrong time. Most were held less than a year.

This year I am selling an investment property. I’m trying to decide whether or not to do a 1031 exchange.

Would I be allowed to use the capital gains from the property sale against the stock market losses? My wife is a real estate professional.

Thank you all!

[Patrick Drury]

@Jasper Cooper
You should just talk to a tax professional. The last thing you want to do is make a decision based on advice from someone who is not a tax professional.