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Losses (Homes, Stocks, Other Property)

Question: Is the loss on the sale of your home deductible?

Answer:

A loss on the sale or exchange of personal use property, including a loss on the sale of your home used by you as your personal residence at the time of sale, is not deductible.  Only losses associated with property used in a trade or business and investment property (stocks) are deductible.

Additional Information:


Category: Capital Gains, Losses and Sale of Home
Subcategory: Losses (Homes, Stocks, Other Property)

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The OMB number for this study is 1545-1432.
If you have any comments regarding this study, please write to:
IRS, Tax Products Coordinating Committee
SE:W:CAR:MP:T:T:SP
1111 Constitution Avenue NW
Washington, DC 20224