I reported a loss of $20,000 on the sale of my home but I am not receiving a credit.

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I reported a loss of $20,000 on the sale of my home but I am not receiving a credit.

You don't get a tax benefit for the loss on your home. You can only deduct losses for the sale of business property.

https://www.irs.gov/uac/what-if-i-sell-my-home-for-a-loss

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I reported a loss of $20,000 on the sale of my home but I am not receiving a credit.

You don't get a tax benefit for the loss on your home. You can only deduct losses for the sale of business property.

https://www.irs.gov/uac/what-if-i-sell-my-home-for-a-loss

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