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Old 01-26-2007, 01:19 PM
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Can u write off a loss on sale of home?
I had to sell my house in 2006 and took a loss! Ugh!!

Can I at least write this off on tax return??

Need all the help I can get!


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Old 01-27-2007, 12:01 AM
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Although this is a capital loss, the IRS specifically disallows losses on sales of principal residence. So, I am afraid you are out of luck on this one.

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