topic If I sold a home and realized only a $4K loss, is this worth the paperwork? in Deductions & credits

If I sold a home and realized only a $4K loss, is this worth the paperwork?

kaxnijk-8 — Wed, 05 Jun 2019 22:05:52 GMT

If the home is a personal not a business property you can...

Bsch4477 — Wed, 05 Jun 2019 22:05:54 GMT

If the home is a personal not a business property you cannot deduct a loss.

If the home you sold was your personal residence then the...

PaulaM — Wed, 05 Jun 2019 22:05:56 GMT

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.