I sold a piece of land at a $20,000. loss...can I get some tax relief from this loss?
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New Member

I sold a piece of land at a $20,000. loss...can I get some tax relief from this loss?

 
3 Replies
Level 3

I sold a piece of land at a $20,000. loss...can I get some tax relief from this loss?

Was it an investment property or part of your home?
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New Member

I sold a piece of land at a $20,000. loss...can I get some tax relief from this loss?

we bought it as a future place to build.....my husband passed away and now I sold it at a loss.
Level 3

I sold a piece of land at a $20,000. loss...can I get some tax relief from this loss?

Unfortunately, a loss on the sale of private property is not deductible.  
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