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wdhughes
New Member

I changed jobs 1 1/2 ago i have been trying to sell the house i moved from. Can i write off all expenses from that house? interest, utilities, etc.

 
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Opus 17
Level 15

I changed jobs 1 1/2 ago i have been trying to sell the house i moved from. Can i write off all expenses from that house? interest, utilities, etc.

No.  If you have two personal homes--whether it is a vacation home and a main home, or a new house and a house you are stuck with--those are personal expenses and not deductible.

If you rent out the home you can deduct expenses against your rental income, but that will have other tax consequences depending on how long it takes you to sell.

Sounds like the house is priced too high for the local market and its current condition.  That's not a tax deduction.

*Answers are correct to the best of my ability at the time of posting but do not constitute legal or tax advice.*

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3 Replies
SweetieJean
Level 15

I changed jobs 1 1/2 ago i have been trying to sell the house i moved from. Can i write off all expenses from that house? interest, utilities, etc.

Are you renting it out?
wdhughes
New Member

I changed jobs 1 1/2 ago i have been trying to sell the house i moved from. Can i write off all expenses from that house? interest, utilities, etc.

no
Opus 17
Level 15

I changed jobs 1 1/2 ago i have been trying to sell the house i moved from. Can i write off all expenses from that house? interest, utilities, etc.

No.  If you have two personal homes--whether it is a vacation home and a main home, or a new house and a house you are stuck with--those are personal expenses and not deductible.

If you rent out the home you can deduct expenses against your rental income, but that will have other tax consequences depending on how long it takes you to sell.

Sounds like the house is priced too high for the local market and its current condition.  That's not a tax deduction.

*Answers are correct to the best of my ability at the time of posting but do not constitute legal or tax advice.*
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