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kenmadej
New Member

I am selling my second home (non-rental) for a loss. Can use this loss to offset other capital gains.?

 
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Vanessa A
Employee Tax Expert

I am selling my second home (non-rental) for a loss. Can use this loss to offset other capital gains.?

No. The loss on the sale of personal property is not deductible or recognized.  A loss is treated as $0 gain or loss when it is for personal property. 

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