TLH and capital gains due to home sale

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allwin
Posts: 107
Joined: Mon Jul 07, 2008 3:36 am

TLH and capital gains due to home sale

Post by allwin »

My understanding that if I sell my primary house than I owe capital gains tax on any gains beyond $500k (if Married Filing Jointly). I also tax loss harvest my investment losses. Does anyone know if these losses also offset the capital gains from a home sale?

Thanks!
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FiveK
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Joined: Sun Mar 16, 2014 2:43 pm

Re: TLH and capital gains due to home sale

Post by FiveK »

Yes. See Schedule D.
carminered2019
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Joined: Fri Jun 21, 2019 7:06 pm

Re: TLH and capital gains due to home sale

Post by carminered2019 »

yes, no problem.
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allwin
Posts: 107
Joined: Mon Jul 07, 2008 3:36 am

Re: TLH and capital gains due to home sale

Post by allwin »

Thanks FiveK and carminered2019!
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