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March 30, 2023
Question

If i had a huge loss on my principle (Only) residence in 2020, am I able to claim that at all?

  • March 30, 2023
  • 1 reply
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    1 reply

    TurboTaxSusan
    April 3, 2023

    No. When you sell your principal residence, you don't have to pay taxes on the sale, but at the same time, you can't claim a loss either.