@yc313 wrote:
@DoninGA
If I sold my second home at a loss, did not use it for rental nor business, and did not receive a form 1099, do I need to report the sale? Thanks!
If the second home was never used as rental or in a business and it was 100% for personal use, you do not report the loss on a tax return. Unless you received a Form 1099-S for the sale then the sale has to be reported on a tax return, gain or loss.
