turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I divorced my wife in 2016. Our home value is $625,000. As part of the decree I sold my share of the home via Quit Claim Deed for $10.00. Am I eligible for Capital Loss?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
ToddL
New Member

I divorced my wife in 2016. Our home value is $625,000. As part of the decree I sold my share of the home via Quit Claim Deed for $10.00. Am I eligible for Capital Loss?

No, the sale (or transfer) of a personal residence would not qualify for any tax loss treatment. Also, transfers of property in a divorce settlement would not qualify for any tax deductions.

View solution in original post

1 Reply
ToddL
New Member

I divorced my wife in 2016. Our home value is $625,000. As part of the decree I sold my share of the home via Quit Claim Deed for $10.00. Am I eligible for Capital Loss?

No, the sale (or transfer) of a personal residence would not qualify for any tax loss treatment. Also, transfers of property in a divorce settlement would not qualify for any tax deductions.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies