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Returning Member
posted Mar 5, 2025 1:02:11 PM

Can you use a loss incurred on a previous primary residence to offset a gain on the sale of your current residence?

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1 Replies
Level 15
Mar 5, 2025 1:04:00 PM

The  loss on the sale of a personal residence is not reported on a tax return and cannot offset the gain on the sale of another personal residence.