- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
You can recognize a capital loss provided you held the property for investment (or business use) and did not use the property for personal purposes during your ownership.
Obviously, the sales price (less selling expenses) would have to be lower than your adjusted basis in order for you to have a loss.
‎September 19, 2023
3:13 PM