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| dyu9999[at]gmail.com asked: - quote - > If I had a capital gain on selling my rental
Yes. The rental home sale proceeds would properly be> home, can I deduct the gain against my stock > loss in Schedule D? 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 << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| <dyu9999[at]gmail.com> wrote: - quote - > If I had a capital gain on selling my rental home, can I
In a manner of speaking. The gain goes on Schedule D, and> deduct the gain against my stock loss in Schedule D? everything on Schedule D is eventually netted. -- Phil Marti Clarksburg, MD << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| If I had a capital gain on selling my rental home, can I deduct the gain against my stock loss in Schedule D ? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| capital, gain, home, rental, sale |
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