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malone3tl
New Member

Can I claim the foreclosure loss of an income property if there was not a mortgage?

 
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4 Replies
DaveF1006
Expert Alumni

Can I claim the foreclosure loss of an income property if there was not a mortgage?

To clarify, was this for a rental house or something else?  If for something else, what was it?

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Can I claim the foreclosure loss of an income property if there was not a mortgage?

also explain how there can be a foreclosure if there is no mortgage. 

malone3tl
New Member

Can I claim the foreclosure loss of an income property if there was not a mortgage?

It was a rental property. I live in NYS, the property was lost in a tax foreclosure where the county takes title for payment of property tax arrears. The home was bought in a cash sale.

malone3tl
New Member

Can I claim the foreclosure loss of an income property if there was not a mortgage?

It was a tax foreclosure by the county.

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