<<Also does this apply to house sales too? Say I have a house I sell with a capital gain of $200k but I have a carryover loss of $200k- that loss can’t be used 100% to offset the $200 gain from the sale if my house?!>>
Yes, a capital loss carryover may be deducted against the capital gain from the sale of your house. And yes, if you had a $200K capital gain and a $200K carryover loss, you could offset the entire gain. But you could only deduct a maximum of $3000 of any excess carryover loss against your other income.
https://www.bankrate.com/finance/taxes/use-capital-loss-carryover-to-offset-gain-on-home-sale.aspx#t....
**Answers are correct to the best of my ability but do not constitute tax or legal advice.
