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A loss on the sale of a personal residence is not reported on tax return, unless you received a Form 1099-S for the sale (gain or loss). Or the residence has been used as a rental or in a business, then the sale has to be reported (gain or loss)
A loss on the sale of a personal residence is not reported on tax return, unless you received a Form 1099-S for the sale (gain or loss). Or the residence has been used as a rental or in a business, then the sale has to be reported (gain or loss)
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