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Deductions & credits
@yc313 wrote:
I sold my home which I lived in for less than 2 years but sold it with capital loss instead of gain, and I do not need to use the losses to offset any gains, do I still need to report the sale? (since it is a foreign property, I did not receive a 1099 form.)
The sale of a personal residence, never used as a rental or as business, at a loss is not reported on a tax return.
‎June 30, 2020
5:55 AM