InterDigital Inc (IDCC)

[The Count]

"Stock loss carryover" is not a tax term

The problem you had, and that I advised Mickey he needs to look into, is that when you are in the business of buying and selling real estate, then it becomes inventory, not a capital asset. Therefore the income or losses from the transactions is ordinary income, not capital gains or losses. I absolutely stand by my prior post.

I suggest you (and anyone else) clarify your understanding of your tax situation with your accountant. Tax treatement is very often based on facts and circumstances of the specific case and similar situations can have very different treatment.