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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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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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?

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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