Hi Mike, thanks for the reply.
I think I need to elaborate a bit more on this property. In 2017 it was converted to a rental and at this time assessed value was still above purchase price, property assessment at this time was actually over $1mill but there was not a single house on the block that was selling close to assessed value.
I have filled out the section where it asks how many years was it used as primary residence and how many years it was owned. Owned for 11 years, 5 of which as primary residence.
Does this still not qualify as a capital loss?
Thanks
