Loss On Sale Of Home

Expert, localized Los Angeles answers provided by Heather Roy

Loss On Sale Of Home
	Dear Edith: The neighborhood is going downhill and when I sell my house I’ll have a loss. If I had a profit it would be taxable, so can I deduct the loss on my next income tax return?

	I’m afraid not. The IRS says it’s the same as a loss on a used car.
	Edith Originally published on September 6, 2006

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