Ask Experts Questions for FREE Help!
 
Free Answers in 3 Easy Steps

Register Now		 3 Steps
 
Ask QuestionsprogressAnswer QuestionsprogressBuild ReputationprogressBecome an Expert
 
At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to:
  • Get free answers from experts in any of our 300+ topics.
  • Accept money for answers that you provide.
  • Communicate privately with other members (PM).
  • See fewer ads.
  Answer this Question    Ask about Taxes    Ask about another Subject  
 
PDA

StockLoser
Feb 22, 2009, 06:56 AM
I have $100K loss in stock investments. I know I can write off $3K per year on my income until I die. I want to purchase my parents home just say $100K and then resell it for $125K in 7 years. Can I write off $25K in profits against my investment loss?
Five Rings
Feb 22, 2009, 12:37 PM
yes; capital loses are deductible from capital gains