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My boss sold his house (lucky guy) at a price well above basis and
over his $250,000 exclusion. He has a lot of stock losses this year.
Can he use BOTH long and short term investment losses to cover his
long term capital gains on his house? Any additional ideas on the best
way to reduce taxes on this one-time large capital gain event? He is
over 70 years old and the house was located in Hawaii. Thank you.
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Judy <j...@y...com> writes:
> My boss sold his house (lucky guy) at a price well above basis and
> over his $250,000 exclusion. He has a lot of stock losses this year.
> Can he use BOTH long and short term investment losses to cover his
> long term capital gains on his house?
Yes.
--
Rich Carreiro r...@r...com
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Misc.invest.financial-plan is a moderated newsgroup where Moderators strive
to keep the conversations on-topic for financial planning. Other posting
guidelines include a request for brevity and another for trimming posts to
which we respond. For all of the other tips and suggestions, see "FROM THE
MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the
Newsgroup.
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Short-term Fund purchasing advice...
Financial Guru: Buy-and-Hold a Thing of the Past
Another suicide due to financial crisis.
What type bond fund to buy in current situation?
401k After Tax accumulations to Roth IRA
FROM THE MODERATORS: Posting to misc.invest.financial-pl an
Historical data for interest rates given by money market funds?
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