On this type of loss, how long can you carry it over (say you lost 30k)?

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Feb 24, 2017
12:30:50pm

Z-rex Walk-on

On this type of loss, how long can you carry it over (say you lost 30k)?

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Z-rex

Bio page: Z-rex
Joined: Oct 31, 2016
Last login: Apr 20, 2017
Total posts: 805 (1 FO)

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Messages

Author

Time

This is a really dumb question, but if I bought a house last July and sell it this spring at the same price, there is

Ragnar Danneskjold User is offline

2/24/17 11:42am

Idaho too much for you huh?

The Board Idiot

2/24/17 11:43am

Too many californians here.

Ragnar Danneskjold

2/24/17 11:45am

Correct.

mulletino

2/24/17 11:44am

Yes, assuming no improvements.

Jeremy

2/24/17 11:44am

I don't think improvements would change the result. He

CDV

2/24/17 11:48am

It's all about whether it's a personal residence

donnerstag

2/24/17 12:22pm

yeah. Good points.

CDV

2/24/17 12:30pm

On this type of loss, how long can you carry it over (say you lost 30k)?

Z-rex

2/24/17 12:30pm

Good question

donnerstag

2/24/17 12:38pm

Interesting, good to know.

Z-rex

2/24/17 12:40pm

That depends on whether it's a primary residence or an investment

donnerstag

2/24/17 12:12pm

Primary.

Ragnar Danneskjold

2/24/17 2:50pm

As mentioned, convert it to an investment property

donnerstag

2/24/17 3:12pm

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