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Old 03-09-2005, 08:23 PM
Bill
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Default Re: capital gain on rental home sale

dyu9999[at]gmail.com asked:

- quote -

> If I had a capital gain on selling my rental
> home, can I deduct the gain against my stock
> loss in Schedule D?


Yes. The rental home sale proceeds would properly be
reported on Schedule D, and all items on D are combined, so
gains can be used to offset losses.

_However_, be alert that there will be depreciation
recapture provisions, from the sale of your rental home.

Bill

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Old 03-09-2005, 08:23 PM
Phil Marti
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Default Re: capital gain on rental home sale

<dyu9999[at]gmail.com> wrote:

- quote -

> If I had a capital gain on selling my rental home, can I
> deduct the gain against my stock loss in Schedule D?


In a manner of speaking. The gain goes on Schedule D, and
everything on Schedule D is eventually netted.

--
Phil Marti
Clarksburg, MD

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Old 03-08-2005, 10:34 AM
dyu9999@gmail.com
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Default capital gain on rental home sale

If I had a capital gain on selling my rental home, can I
deduct the gain against my stock loss in Schedule D ?

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capital, gain, home, rental, sale
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