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Will selling my home for less than I paid for it last year reduce my federal taxes due?
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posted
August 23, 2023
5:10 PM
last updated
August 23, 2023
5:10 PM
1 Best answer
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Will selling my home for less than I paid for it last year reduce my federal taxes due?
if it was a 100% personal residence, then the loss is not deductible.
August 23, 2023
5:17 PM
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Will selling my home for less than I paid for it last year reduce my federal taxes due?
if it was a 100% personal residence, then the loss is not deductible.
August 23, 2023
5:17 PM
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Will selling my home for less than I paid for it last year reduce my federal taxes due?
Sorry but there is no deduction or federal credit for selling your home at a loss.
**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.**
August 23, 2023
5:25 PM
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