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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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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. 

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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. 

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.**
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