Short term real estate gains

[Jbroo]

I flipped a home within 2 months of the purchase. Therefore I'll technically owe capital gains on the profit but it'll be taxed under ordinary income rates instead of the standard 15% long term capital gains rate correct?

So my question is, can I sell my short term (less than a year) loser stocks to offset the profit I made on the property flip? 

Can I sell my long term stocks to offset the profit? Or is it only short term losses to short term gains and long term losses deducted from long term gains? 

Or can no stock losses be deducted at all because this was considered ordinary income? 

[TomD8]

Q: "So my question is, can I sell my short term (less than a year) loser stocks to offset the profit I made on the property flip?"

A: Yes.

Q: "Can I sell my long term stocks to offset the profit? Or is it only short term losses to short term gains and long term losses deducted from long term gains?"

A: Short-term losses must first be used to offset short-term gains. Long-term losses must first be used to offset long-term gains. Net losses of either type can then be used to offset the other.

[Mike9241]

if the IRS does not classify you as a dealer in real estate (the flip would be ordinary income and not capital gain), then short-term losses from stocks will offset the capital gain on the flip.  long-term gains and losses are also netted. if one category is a loss and the other is a gain, these too are netted. the maximum deduction for capital losses in any one year is $3,000 with any excess carried over to the following year.  if both are losses the short-term is used first. 

see this guide about house flipping and you may want to consult a tax pro

https://www.realestateskills.com/blog/taxes-flipping-houses