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?

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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.

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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.