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    • Created with Sketch. Intuit Biz e-filing closure on December 21 at 6:00PM PST. Select your product for more Hot topics. Lacerte | ProConnect | ProSeries
    Created with Sketch. Intuit Biz e-filing closure on December 21 at 6:00PM PST. Select your product for more Hot topics. Lacerte | ProConnect | ProSeries
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    Capital Gain

    Runer
    Level 1
    ‎01-27-2022 03:07 PM

    I have a client who is making  500K in Real Estate under his LLC. He is wondering if he could eliminate that gain with 500K Capital loss in stock market. 

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    1 Comment 1
    TaxGuyBill
    Level 15
    ‎01-27-2022 03:11 PM
    @Runer wrote:

    I have a client who is making  500K in Real Estate under his LLC.

     

    That is WAY too vague.

    Enter the information into your software, and look at the results. Then, if you have specific questions about what you see, let us know.

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