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posted Jun 1, 2019 1:26:56 PM

I sold a personal residence at a loss in 2016 but forgot to report it. Can I report the sale and loss on my 2018 return or do I need to amend 2016?

I owned the property for less than 2 years.


"I sold a personal residence at a loss in 2016 but forgot to report it. Can I report the sale and loss on my 2018 return or do I need to amend 2016?"

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1 Replies
Level 15
Jun 1, 2019 1:26:57 PM

The sale of a personal residence at a loss is not reported on a tax return.  Unless you received a Form 1099-S for the sale then it must be reported (gain or loss).  Although with a loss no taxes will be owed.  If required to be reported it can only be reported on a tax return for the year of the sale.