can I claim capital loss on sale of inherited property by TOD deed

[nvoto]

I inherited a property via TOD deed on date of death 3/21/23, received a comparative market analysis at that time and held it as an investment property until date of putting it up for sale (5/4/23). I sold the property at a loss at the end of June 2023 upon comparison to the comparative market analysis. Can I claim a capital loss even if this was my mom's primary residence? thank you.

[Anonymous_ · Accepted solution]

You can recognize a capital loss provided you held the property for investment (or business use) and did not use the property for personal purposes during your ownership.

Obviously, the sales price (less selling expenses) would have to be lower than your adjusted basis in order for you to have a loss.