Searching

Can I deduct a loss on the sale of my home?
Print Article
No. A loss from the sale of personal-use property, such as a home or car, is not deductible. They are considered nondeductible personal losses, and you cannot reduce your tax bill by deducting them the way you would deduct stock and investment losses on your tax returns.
Join
RISMedia on
Facebook and share your views on this topic. Visit
www.facebook.com/rismedia to continue the conversation!
Looking for fresh, daily
content for your blog, newsletter or website? REsource Real Estate Content Solutions provides access to thousands of RISMedia articles and videos starting
as little as $9.95 per month! Visit
resource.rismedia.com now and get publishing today!
RISMedia welcomes your comments and questions. Email
realestatemagazinefeedback@rismedia.com.
Copyright© 2011 RISMedia, The Leader in Real Estate Information Systems and Real Estate News. All Rights Reserved. This material may not be republished without permission from RISMedia.