Get smart with your money
By Liz Weston
Dear Liz: If and when we sell our house, the capital gain is likely to exceed the $500,000 exemption limit. I am carrying over a loss of about $100,000 from stock sales. Can I use this loss to offset the capital gain from the house?
Answer: Yes. Capital losses can be used to offset capital gains, including those from a home sale.
Dear Liz: Do I understand correctly that I must live in a house for two…
Dear Liz: My wife owns a house that was separate property before our marriage. She…
Dear Liz: I am selling my house. After subtracting all selling costs, stepping up the…
Dear Liz: My husband and I are selling a commercial property for $600,000 and we…