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hhh2
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How should one report the sale of owner financed home loan sold for a loss. Is it necessary to report? Thanks.

 
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‎June 5, 2019 12:12 PM
last updated ‎June 05, 2019 12:12 PM
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res0333
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How should one report the sale of owner financed home loan sold for a loss. Is it necessary to report? Thanks.

No. You cannot take the loss to offset income and you have no capital gains.
‎June 5, 2019 12:12 PM
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