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April 1, 2020
Question

Home Sale at a loss, then Purchase of new Home

  • April 1, 2020
  • 1 reply
  • 0 views

I have input all the information for the sale of our House In VA, it was at a loss, so I understand that there is no deductions available there. However, where do I input the information of the purchase of our new house in PA? All I am seeing is a first time home buyers credit. Am I able to list the purchase of my new home?

 

Stephen Dean

    1 reply

    DoninGA
    Employee
    April 1, 2020

    The purchase of a personal residence is not reported on a tax return.

    April 1, 2020

    the home buyer credit is gone at least for federal puposes.