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69chewy69
New Member

My home was foreclosed an I lost my equity of 117,145.93. Is it possible to deduct this loss ?

 
2 Replies
AlanT
Expert Alumni

My home was foreclosed an I lost my equity of 117,145.93. Is it possible to deduct this loss ?

Unfortunately, you cannot deduct a loss from the sale or disposition of your personal real property.  

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xmasbaby0
Level 15

My home was foreclosed an I lost my equity of 117,145.93. Is it possible to deduct this loss ?

https://ttlc.intuit.com/questions/1899168-what-do-i-do-with-form-1099-a

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
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