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neelie138
New Member

In October of 2016, I sold a house that was purchased in December of 2006 for around a $60,000 loss. Is any of that deductible?

 
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BobB7
New Member

In October of 2016, I sold a house that was purchased in December of 2006 for around a $60,000 loss. Is any of that deductible?

Assuming it was just your personal residence, none of it is deductible, unfortunately.  You have a lot of company!

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2 Replies
DoninGA
Level 15

In October of 2016, I sold a house that was purchased in December of 2006 for around a $60,000 loss. Is any of that deductible?

Was this a personal residence, primary or second home?
BobB7
New Member

In October of 2016, I sold a house that was purchased in December of 2006 for around a $60,000 loss. Is any of that deductible?

Assuming it was just your personal residence, none of it is deductible, unfortunately.  You have a lot of company!

View solution in original post

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