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halandnet65
New Member

Can you use a capital loss carryover against a long term capital gain on property you inherited

Can I use a capital loss carryover against a long term capital gain made on property that was inherited

1 Reply
MinhT
Expert Alumni

Can you use a capital loss carryover against a long term capital gain on property you inherited

Yes, you can offset a long term capital gain against a capital loss carryover.

The offset will be made on Schedule D.

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