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posted Jun 1, 2019 3:07:43 AM

Can a loss from selling a vacation home substract from a capital gain from selling stocks

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Level 15
Jun 1, 2019 3:07:45 AM

No. Losses from personal property, such as a vacation home, are not deductible.  (Losses from investment property, such as rental property, would apply against other gains on schedule D.)

2 Replies
Level 15
Jun 1, 2019 3:07:44 AM

see answer below

Level 15
Jun 1, 2019 3:07:45 AM

No. Losses from personal property, such as a vacation home, are not deductible.  (Losses from investment property, such as rental property, would apply against other gains on schedule D.)