Can I take a long-term capital loss on the sale of a second home?

[davidsgibson]

Can the sale of a second home not generate a long term capital loss? My loss is capped at $0 when Turbo Tax automatically modifies the sales expenses.

If I change closing expenses, Turbo Tax automatically modifies them to keep the LTCG at 0

[Vanessa A · Accepted solution]

No, the sale of personal property cannot generate a loss.  So it does not matter how much you lost on it, since it is a second home, it is not deductible which is why TurboTax keeps changing it back to $0.