[Arles]

Originally Posted by RainMaker

Senate Republicans inserted a provision in the 880-page bill that would permit wealthy investors to use losses generated by real estate to minimize their taxes on profits from things like investments in the stock market.
Cost over 10 years is $170 billion. https://t.co/qbVCekFrin

— andrew kaczynski�� (@KFILE) March 26, 2020

So, I make two investments:
1. I invest $10,000 in real estate and lose $1,000 (have $9K after 2020)
2. I invest $10,000 in Apple stock and make $2,000 (have $12K after 2020)

It's "not fair" that I pay a net capital gains tax on $1,000 based on the sum of my investments? In the above case, you would rather the investor pay taxes on the $2K but get no reduction in gains for the $1,000 he lost?

I know the "cost" numbers are what bother people, but I can't see an issue with the logic in it. Now, maybe some loopholes would need to be closed after seeing it in practice for a year - but this seems like a pretty nice change for any of us who own real estate (more investors = higher prices for properties).