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Investors & landlords
By your own description ("It was used as a primary residence several years ago and is now empty/a vacation home that is hardly used"), you clearly have personal use property (and a loss cannot be claimed), not investment property.
Had you rented it out for the last "several years", you could claim a partial loss (prorated for for business/rental use time).
‎June 13, 2022
11:23 AM