Have a Finance Question? Ask a Financial Expert Online.
Thank you for your question, and thanks for using JustAnswer.com
Yes, a business loss would offset your other income. You will still show a capital gain on your tax return, but that amount would be offset by the business loss.
Great Megan! Thanks for your quick response.
If you would, please take a moment to rate my response as "excellent" so that I may receive credit for assisting you today
Very welcome Megan! I'm glad to have you as a resource for my business!