turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

arlenepg
New Member

Can I claim it as an investment loss or is this considered personal property?

I sold a property out of the state I currently work and live; it's been empty for the past 6 years.  Las year I got somebody interested in renting it, but after signing the contract they decided not to move in.  Later on I was able to sell it at a loss. 

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
MargaretL
Expert Alumni

Can I claim it as an investment loss or is this considered personal property?

No, you cannot claim investment loss, unfortunately.   Since the property was never a rental property, it is considered to be your personal property, your second home. Losses on personal properties are not allowed.

View solution in original post

1 Reply
MargaretL
Expert Alumni

Can I claim it as an investment loss or is this considered personal property?

No, you cannot claim investment loss, unfortunately.   Since the property was never a rental property, it is considered to be your personal property, your second home. Losses on personal properties are not allowed.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies