When i sell my home do i report it on my tax return

[crazymae4585]

no capital gain just loss on proprty

[CDKaleighC · Accepted solution]

You cannot deduct a loss on the sale of your main home or a vacation home. This is considered a personal loss and is not deductible for tax purposes.

On the other hand, if you used the home as a rental property or it was an investment property then you may be able to deduct the loss.