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Deductions & credits
From your description, it looks like you would claim any profit if applicable.
What was 25% worth when you obtained the house?
What was the 9% you received?
If the 9% you received was less than the ORIGINAL value of the 25%, their would be nothing to report.
If you made a profit, reporting would depend on whether this was your personal residence or an investment.
You don't write-off a loss on your tax return if you never claimed it as income in the first place.
There are exceptions for casualty loss, but losses because of divorce don't count as that.
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‎January 22, 2025
2:51 PM