sehphing
Returning Member

Tax Deduction on Investment Property Sale Loss

Hi,

 

I have sold property which I have considered it as investment property, as I have never lived in it. 

 

In year 2020, It was never rented out as it was put on sale. It was later sold in Oct 2020, and generate a loss.

 

Can I still deduct the sale loss given it is not rented out?