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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: techlover1 who wrote (234916)1/3/2010 10:41:14 AM
From: James HuttonRespond to of 306849
 
I don't know about real estate, but the key distinction is capital and ordinary losses. Capital losses (such as losses on stock transactions) are limited to $3k. Ordinary losses are not. That's why if you trade as a business you can take more than a $3k loss. But I'm not a tax professional.



To: techlover1 who wrote (234916)1/3/2010 10:44:53 AM
From: Travis_BickleRespond to of 306849
 
Applies to any capital asset ... stocks, real estate, baseball cards, whatever.



To: techlover1 who wrote (234916)1/3/2010 12:59:29 PM
From: Skip DangerRespond to of 306849
 
Other folks answered it just fine.


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