Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Question 1:

In 2000 I sold my home for a short term gain (I owned the house for only a few months). I also have a short term gain from the sale of stocks. (Lucky man)

For the purpose of computing total short term capital gains, is the Short Term Gain (from the sale of the house) added to the short term gain derived from the sale of stocks?

Question 2:

Assuming that the answer to #1 is "yes", can I then follow the "normal" (this is all somewhat new to me, so nothing is really normal) process whereby I sell some "losers" so that my short term losses will then equal my short term gains? (Putting aside for the moment the question of whether or not this makes sense from a purely investing standpoint).

Thanks in advance for any input.


Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.