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October 12, 2019
Question

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?

  • October 12, 2019
  • 1 reply
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1 reply

Critter
Employee
October 12, 2019

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.