Taxes Q & A- Is the loss on the sale of your - E-PersonalFinance

Taxes Q & A- Is the loss on the sale of your - E-PersonalFinance

Is the loss on the sale of your home tax deductible?

The loss on the sale of a personal residence is a nondeductible personal loss.

References:

Publication 523, Selling Your Home

Tax Topic 409, Capital gains and losses

Source: www.irs.gov

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