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New Member
posted Oct 12, 2019 4:52:55 PM

Why does the IRS suggest NOT reporting sale of my home if it sold at a loss? And is it somehow bad or good for me to either report or not report?

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1 Replies
Level 15
Oct 12, 2019 4:54:00 PM

A loss on a personal residence is not deductible and unless you got a 1099-S form for the sale it is also not reportable.