Submitted By: Tony
Answered: May 27, 2014 8:30 am

Can my short-term gain on a real estate transaction be offset by a long-term capital loss carryforward?

Yes. While there are certain ordering rules for applying capital losses against capital gains, ultimately, long-term capital losses can offset any short-term gains.

advertisement
Tax Glossary

Depletion

Deduction claimed for the use of mineral resources.

More terms