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URL: https://boards.fool.com/long-term-capital-gains-and-losses-34629096.aspx
Subject: Long Term Capital Gains and losses	Date: 9/28/2020 5:50 PM
Author: footsox	Number: 131134 of 132099
Just trying to make sure I have this right. If I have capital gains from the sale of a rent house, I can off-set them with capital losses from the sale of shares of stock? Both of these are long term capital gains and losses. Both having been held for a few years. (I think long term gains and losses, items have to be held for over a year for them to be long term?) Let's say I have capital gains from the sale of the rent house of $20,000. I can off-set those gains by selling an equal amount of losing shares of stock? Now, let's say the stock loss is greater than $20,000. Let's say $30,000. I can then carry over the remaining $10,000 at $3,000 per year on my taxes? (I am not sure of the amount of $3000) But I can initially use the loss of $20,000 in the same year as I sold the rent house? Thanks for any verification. I appreciate it. Footsox
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