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14
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Andrew Mykletun
  • Houston, TX
1
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14
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Short term capital loss vs. long term capital loss

Andrew Mykletun
  • Houston, TX
Posted

Hi BP members,

I am looking to sell SFH houses with capital losses in the double digits if I sell them now (just the situation that I am currently in). I bought them less than 1 year ago and could sell them now and realize short term capital losses. Alternatively, I could hold onto them a few more months until I have had them for more than a year, sell them and realize long term capital losses. I would prefer to sell them now if there is no significant difference; however, my question is: Which option is more favorable and why as I will be making investment in the future?

Any feedback from someone who knows about this would be appreciated.

Thank you,

Andrew

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