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If I sold a home and realized only a $4K loss, is this worth the paperwork?
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June 5, 2019
3:05 PM
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Deductions & credits
If the home is a personal not a business property you cannot deduct a loss.
June 5, 2019
3:05 PM
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Deductions & credits
If the home you sold was your personal residence then the loss is not deductible anyway. If this was for a business or rental home, then yes it would be worth working the paperwork.
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June 5, 2019
3:05 PM