Capital Gain And Loss?

I had a question regarding capital gain taxes. Let us say that I have capital gain from the sale of personal use property (not an Investment but a house that I owned and lived in. We have only owned the house for 14 months). Can I offset capital gains from the sale of this house with capital losses from stocks (investment)? I had a substantial capital losses from stocks few years ago. Those losses were both short and long term. Please let me know if you need me to come in to discuss this further and what is your availability and consultation fee?

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One Response to “Capital Gain And Loss?”

  1. Seeker says:

    No capital gain on personal use property. So loss don’t count also.

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