Thursday, December 15, 2011

How do I offset capital gains from a previous year?

I sold stock in 2006 for a down payment on a home. I mistakenly thought the exception on capital gains for revenue on a home sale would apply for a stock sale when making a down payment on a home. Now in 2009 I sold the home for a 25k loss. Would the 2009 loss offset the 2006 gain in anyway?

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