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URL:  http://boards.fool.com/taking-a-mortgage-on-my-fully-paid-of-house-21808319.aspx

Subject:  Re: Capital loss utilization Date:  12/26/2004  3:17 PM
Author:  Mark0Young Number:  74938 of 121219

Taking a mortgage on my fully paid of house.
Getting a bigger house using home equity loan .
Buying summer house using mortgage.


None of the above use any of the capital losses. However, if you sell your current house, the amount of capital gains of the house in excess of your exclusion ($250,000 or $500,000) can be offset by the capital losses.

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