@yc313 wrote:
@DoninGA
Thanks for your advice. Just to clarify, I lived in my home for less than 2 year in the last 5 years, however I did not use it as a rental or as business, is it still considered personal residence?
The 2 year/5 year rule explains when you can exclude some of your gain on a personal residence, but the idea of a personal residence is how you used it. If you used it as a personal residence, that's what it is, and you can't deduct capital losses.
