Does my condo sale qualify as an investment transaction?

[philstewart]

 I purchased the condo apartment in 2007 and sold it in 2016 at a loss.  I never lived in or used the condo for personal use, but I did extensive remodeling which I thought would make it more valuable when I sold it   However, the housing market did not recover enough and I had to sell it at a loss.  I want to report this sale as an investment property loss.  Will this pass IRS review?

[PatriciaV]

Yes, if you held this property as an investment, you would report the sale under Investment Sales (potentially the sale of a second home).

If, however, you used this property to generate rental income at any time while you owned it, you would report the rental activity and the sale under Rental Properties.

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