DaveF1006
Expert Alumni

Get your taxes done using TurboTax

Yes, this is considered a deductible loss, according to Publication 544 in the section on abandonment.  Please use the steps that Vanessa A has outlined to report this loss.

 

[Edited 03/06/24|12:59 pm PST]

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"