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.
You'll need to sign in or create an account to connect with an expert.
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.
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.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
pcaldridge
New Member
Jbroo
New Member
FrankiesMom
Returning Member
Anna0214
New Member
santiago1702
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.